https://www.taxtmi.com/caselaws?id=68304 The Tribunal partly allowed the assessee's appeal. It directed the Assessing Officer (AO) to grant the deduction under section 80JJA of the Income-tax Act, 1961, recognizing the subsidy as part of the sales price and a trading receipt. Additionally, the Tribunal found the 20% disallowance of expenses for alleged personal use excessive and instructed the AO to limit the disallowance to 10%. The decision was announced on March 31, 2008. en-us Mon, 31 Mar 2008 00:00:00 +0530 Wed, 20 Dec 2023 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68304 The Tribunal partly allowed the assessee's appeal. It directed the Assessing Officer (AO) to grant the deduction under section 80JJA of the Income-tax Act, 1961, recognizing the subsidy as part of the sales price and a trading receipt. Additionally, the Tribunal found the 20% disallowance of expenses for alleged personal use excessive and instructed the AO to limit the disallowance to 10%. The decision was announced on March 31, 2008. Case-Laws Income Tax Mon, 31 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68304