https://www.taxtmi.com/caselaws?id=218778 The Tribunal upheld the decisions of the Ld CIT(A) in favor of the assessee for most issues, including the addition on account of low Gross Profit, treatment of Sales Tax Subsidy Receipts as capital subsidy, disallowance of Cooperative Development Expenses, and disallowance of Payment Made to Sabarmati Gaushala. However, the Tribunal set aside the disallowance of Legal Expenses for further verification by the AO and directed a fresh consideration of Consultancy Expenses disallowance. The issue of Interest Payable to NDDB was also remanded to the AO for necessary verification. The assessee did not press the ground related to the subsidy amount received, leading to its dismissal. en-us Wed, 25 Jan 2012 00:00:00 +0530 Mon, 26 Nov 2012 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218778 The Tribunal upheld the decisions of the Ld CIT(A) in favor of the assessee for most issues, including the addition on account of low Gross Profit, treatment of Sales Tax Subsidy Receipts as capital subsidy, disallowance of Cooperative Development Expenses, and disallowance of Payment Made to Sabarmati Gaushala. However, the Tribunal set aside the disallowance of Legal Expenses for further verification by the AO and directed a fresh consideration of Consultancy Expenses disallowance. The issue of Interest Payable to NDDB was also remanded to the AO for necessary verification. The assessee did not press the ground related to the subsidy amount received, leading to its dismissal. Case-Laws Income Tax Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218778