appeal of the assessee on accout of interest
subsidy received under Technology Upgradation Fund
Scheme of Rs.8,34,26,992/- without appreciating that ... appeal of the assessee on account of interest
subsidy received under Technology Upgradation Fund
Rs.8,34,26,992/- as the AO has not allowed
M/S. Grasim Industries Ltd., Mumbai vs Dcit Cir - 6(3), Mumbai on 4 July
technological
upgradation, and expanding employment opportunities. Similarly, the object of
subsidy under the SHIS scheme is to promote investment in the upgradation
of technology ... percentage share of global trade by increasing competitiveness in select
markets, technological upgradation and expanding employment opportunities.
43. We have considered the rival submissions
crores received
by the assessee as interest reimbursement under Technology
Upgradation Scheme [TUFS], treating the same as capital receipt, even
though the same constitutes revenue ... potential of the
textile industry and the larger benefits of technological upgradation in
the textile industry would result in capacity expansion and
modernization which would
receive d by it under Technology Upgradation Fund
Scheme (TUFS in short) during the year unde r consideration was
liable to be treate ... industry.
II. ELIGIBILITY CRITERIA FOR ASSIS TANCE
1. DEFINITION OF TECHNOLOGY UPGRADATI ON Technology
Upgradation would ordinarily mean induction of state
RELEASE 5% INTEREST
REIMBURSEMENT TO THE PETITIONER UNDER THE REVISED
RESTRUCTURED TECHNOLOGY UPGRADATION FUND SCHEME
PURSUANT TO APPLICATION NO.13/2015/2600 DATED 05.01.2016
VIDE ... release 5% Interest Reimbursement to
the Petitioner under the Revised Restructured
Technology Upgradation Fund Scheme pursuant to
Application No.N013/2015/2600 dated
reallocation of work,
job enlargement, re-deployment of men, modernise
& technologically upgrade its Plants and business
processes in its various functions, closure of some ... requiring flexibility in manpower
management based on changing business
requirements and technological upgradation,
improvement in productivity and it will be necessary
to review the existing
Maruti Suzuki India Ltd., New Delhi vs Dcit, New Delhi on 9 February, 2023
IN
Facts related to Project "Vision 2000" related to upgradation of
the technological capabilities R&AW;
iii. Facts related to the two projects ... Internal
Security given in 2001, details of „top secret‟ future technology upgradation
project "Vision 2000" of R&AW and specific technical aspects
such as construction of new classrooms, libraries,
laboratories, sports facilities or technology upgrades, such as new
computers, tablets and software. These increments are generally sourced ... enable the school to stay up-to-date with the
latest technologies and provide quality education to its students. Thus, the
process of fixation
