https://www.taxtmi.com/caselaws?id=218878 The Court admitted the appeal challenging the Tribunal's order on tax liability issues related to government incentives and subsidies. The Court upheld the Tribunal's decision that certain amounts were revenue receipts subject to taxation. It also addressed asset valuation, disallowance of payments to research institutes, notional interest on investments, business advance deductions, and interest expenditure. The Court dismissed the appeal due to the doctrine of merger and estoppel, as the appellant failed to challenge the judgment on other grounds within the limitation period. en-us Fri, 19 Oct 2012 00:00:00 +0530 Wed, 28 Nov 2012 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218878 The Court admitted the appeal challenging the Tribunal's order on tax liability issues related to government incentives and subsidies. The Court upheld the Tribunal's decision that certain amounts were revenue receipts subject to taxation. It also addressed asset valuation, disallowance of payments to research institutes, notional interest on investments, business advance deductions, and interest expenditure. The Court dismissed the appeal due to the doctrine of merger and estoppel, as the appellant failed to challenge the judgment on other grounds within the limitation period. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218878