https://www.taxtmi.com/caselaws?id=327270 The Tribunal upheld the lower authorities' decisions regarding the treatment of trial run receipts and subsidy received, considering them as revenue items and reducing the cost of fixed assets, respectively. However, the Tribunal deleted the penalties imposed on the assessee, citing technical breaches without concealment of income or inaccurate particulars. en-us Thu, 24 Mar 2016 00:00:00 +0530 Fri, 12 Aug 2016 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327270 The Tribunal upheld the lower authorities' decisions regarding the treatment of trial run receipts and subsidy received, considering them as revenue items and reducing the cost of fixed assets, respectively. However, the Tribunal deleted the penalties imposed on the assessee, citing technical breaches without concealment of income or inaccurate particulars. Case-Laws Income Tax Thu, 24 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327270