https://www.taxtmi.com/caselaws?id=219193 The ITAT ruled in favor of the assessee regarding the treatment of sales tax subsidy as a capital receipt and the addition of provision for gratuity to book profit for MAT liability. However, the disallowance of foreign travel expenditure of directors was upheld. The appeal of the assessee was partly allowed. en-us Tue, 31 Jan 2012 00:00:00 +0530 Fri, 07 Dec 2012 21:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219193 The ITAT ruled in favor of the assessee regarding the treatment of sales tax subsidy as a capital receipt and the addition of provision for gratuity to book profit for MAT liability. However, the disallowance of foreign travel expenditure of directors was upheld. The appeal of the assessee was partly allowed. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219193