https://www.taxtmi.com/caselaws?id=117953 The Tribunal partly allowed the appeal, upholding certain disallowances such as rent for an office building, staff welfare expenses, and capital expenditure on designing facilities. The Tribunal remanded the disallowance of sums under specific sections for fresh adjudication, directing reconsideration of expenses. The Tribunal ruled in favor of the assessee regarding the treatment of sales tax subsidy as a capital receipt. The issue of interest account disallowance was remanded for the Commissioner of Income-tax (Appeals) to make a decision after providing both parties with a reasonable opportunity. en-us Tue, 31 Aug 2004 00:00:00 +0530 Wed, 27 Jun 2012 15:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117953 The Tribunal partly allowed the appeal, upholding certain disallowances such as rent for an office building, staff welfare expenses, and capital expenditure on designing facilities. The Tribunal remanded the disallowance of sums under specific sections for fresh adjudication, directing reconsideration of expenses. The Tribunal ruled in favor of the assessee regarding the treatment of sales tax subsidy as a capital receipt. The issue of interest account disallowance was remanded for the Commissioner of Income-tax (Appeals) to make a decision after providing both parties with a reasonable opportunity. Case-Laws Income Tax Tue, 31 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117953