https://www.taxtmi.com/caselaws?id=208360 The court dismissed the issue of estimating and disallowing expenditure for earning dividend income as no such expenditure was incurred. The question of disallowance of payments towards provident fund and superannuation fund, computation of book profits under section 115JA, and classification of pre-operative and trial run expenses as revenue expenditure were accepted for further review and analysis. The Tribunal's decision on sales tax incentive being a capital receipt was supported by a detailed analysis of the subsidy scheme's purpose. en-us Wed, 15 Apr 2009 00:00:00 +0530 Sat, 15 Dec 2012 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208360 The court dismissed the issue of estimating and disallowing expenditure for earning dividend income as no such expenditure was incurred. The question of disallowance of payments towards provident fund and superannuation fund, computation of book profits under section 115JA, and classification of pre-operative and trial run expenses as revenue expenditure were accepted for further review and analysis. The Tribunal's decision on sales tax incentive being a capital receipt was supported by a detailed analysis of the subsidy scheme's purpose. Case-Laws Income Tax Wed, 15 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208360