https://www.taxtmi.com/caselaws?id=237561 The High Court ruled in favor of the assessee on issues related to undervaluation of closing stock, income from incentives subsidy, pre-operative trial run expenses, and loan raising expenses for technical know-how. However, the Court decided in favor of the revenue on matters concerning interest paid on loans for new units and expenditure on Convertible Premium Notes. The Income Tax department will act in accordance with these decisions. en-us Wed, 18 Sep 2013 00:00:00 +0530 Fri, 31 Jan 2014 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237561 The High Court ruled in favor of the assessee on issues related to undervaluation of closing stock, income from incentives subsidy, pre-operative trial run expenses, and loan raising expenses for technical know-how. However, the Court decided in favor of the revenue on matters concerning interest paid on loans for new units and expenditure on Convertible Premium Notes. The Income Tax department will act in accordance with these decisions. Case-Laws Income Tax Wed, 18 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237561