https://www.taxtmi.com/caselaws?id=219704 The Tribunal partially allowed the revenue's appeals, affirming the CIT(A)'s decisions on the allowance of bad debts and the disallowance of discounts given to stockists. The issue of sales tax subsidy treatment as a capital receipt and the computation of capital gains from the transfer of an undertaking were remanded to the AO for further examination. en-us Mon, 02 Jul 2012 00:00:00 +0530 Mon, 21 Jan 2013 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219704 The Tribunal partially allowed the revenue's appeals, affirming the CIT(A)'s decisions on the allowance of bad debts and the disallowance of discounts given to stockists. The issue of sales tax subsidy treatment as a capital receipt and the computation of capital gains from the transfer of an undertaking were remanded to the AO for further examination. Case-Laws Income Tax Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219704