https://www.taxtmi.com/caselaws?id=214835 The Tribunal ruled in favor of the assessee on various issues, including treating the sales tax subsidy as a capital receipt, considering software maintenance expenses as revenue in nature, and adjusting book profit under section 115JB. The Tribunal also decided against charging interest under sections 234B and disallowed disallowances of brokerage and commission expenses. Provisions for doubtful debts and diminution in value of investment were conceded, but the provision for gratuity was recognized as an ascertained liability. The reduction from the written down value of assets for the sales tax subsidy was reversed by the Tribunal. en-us Fri, 22 Jun 2012 00:00:00 +0530 Fri, 13 Jul 2012 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214835 The Tribunal ruled in favor of the assessee on various issues, including treating the sales tax subsidy as a capital receipt, considering software maintenance expenses as revenue in nature, and adjusting book profit under section 115JB. The Tribunal also decided against charging interest under sections 234B and disallowed disallowances of brokerage and commission expenses. Provisions for doubtful debts and diminution in value of investment were conceded, but the provision for gratuity was recognized as an ascertained liability. The reduction from the written down value of assets for the sales tax subsidy was reversed by the Tribunal. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214835