https://www.taxtmi.com/caselaws?id=238469 The Tribunal upheld the CIT(A)'s decisions on all issues, confirming the sales tax subsidy as a revenue receipt, reducing depreciation by the subsidy amount, and classifying die tooling and technical know-how expenses as revenue expenditure. The judgment emphasized adherence to legal precedents and provisions of the Income Tax Act, dismissing both the assessee's and the Revenue's appeals. en-us Thu, 26 Sep 2013 00:00:00 +0530 Tue, 22 Oct 2013 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238469 The Tribunal upheld the CIT(A)'s decisions on all issues, confirming the sales tax subsidy as a revenue receipt, reducing depreciation by the subsidy amount, and classifying die tooling and technical know-how expenses as revenue expenditure. The judgment emphasized adherence to legal precedents and provisions of the Income Tax Act, dismissing both the assessee's and the Revenue's appeals. Case-Laws Income Tax Thu, 26 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238469