https://www.taxtmi.com/caselaws?id=178485 The Tribunal partly allowed the appeal, dismissing certain issues such as addition of suppressed sales and diversion of profits to a related party due to lack of contrary evidence from the revenue department. However, deductions under sections 80 HHC on labor charges and DEPB were allowed based on legal precedents, while the treatment of sales tax subsidy as a capital receipt was upheld, in line with relevant case law. en-us Wed, 28 Dec 2011 00:00:00 +0530 Sat, 06 Feb 2016 11:10:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178485 The Tribunal partly allowed the appeal, dismissing certain issues such as addition of suppressed sales and diversion of profits to a related party due to lack of contrary evidence from the revenue department. However, deductions under sections 80 HHC on labor charges and DEPB were allowed based on legal precedents, while the treatment of sales tax subsidy as a capital receipt was upheld, in line with relevant case law. Case-Laws Income Tax Wed, 28 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178485