https://www.taxtmi.com/caselaws?id=220916 The Revenue's appeal challenging the deduction for scientific research was dismissed due to the tax effect being below the appeal threshold. The tribunal deleted disallowances of telephone, traveling, and vehicle maintenance expenses, finding them unjustified estimations. The treatment of the subsidy as a reduction in the cost of the generator set was upheld as a capital receipt. The Revenue's appeal was dismissed, and the Assessee's Cross Objection was partly allowed. en-us Mon, 27 Aug 2012 00:00:00 +0530 Thu, 14 Feb 2013 06:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220916 The Revenue's appeal challenging the deduction for scientific research was dismissed due to the tax effect being below the appeal threshold. The tribunal deleted disallowances of telephone, traveling, and vehicle maintenance expenses, finding them unjustified estimations. The treatment of the subsidy as a reduction in the cost of the generator set was upheld as a capital receipt. The Revenue's appeal was dismissed, and the Assessee's Cross Objection was partly allowed. Case-Laws Income Tax Mon, 27 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220916