JUDGMENT :

Satyen Vaidya, J.

By way of instant appeal, challenge has been laid to order dated 20.01.2016 passed by the Income Tax Appellate Tribunal, Chandigarh, in Income Tax Appeal No. 875/CHD/2014, whereby the order of CIT (Appeals), Shimla, in Appeal No. IT/76/13-14/Sml. has been affirmed.

2. Brief facts giving rise to the instant appeal are that the appellant (for short “Assessee”) was released a sum of Rs. One Crore, for its upgradation/strengthening under scheme of upgradation/strengthening of nursing services under human resources for health, by the Government India, for the year 2008-2009 vide communication dated 18th March, 2009. The amount so released was grant-in-aid provided by the Government of India subject to following conditions: -

“(i) Audited statement of expenditure and Utilization Certificate for sanctioned amount from the competent authority should be furnished to the Nursing Adviser, Ministry of Health and Family Welfare, Nirman Bhawan, New Delhi-110011 Tel. 23062726 (Fax No. 23062310).

(ii) The funds may be deposited in a separate Bank Account opened for th