https://www.taxtmi.com/caselaws?id=352365 The High Court ruled in favor of the Assessee on all issues raised in the appeal. The Court upheld the ITAT's decision to delete additions related to custom duty on import of components for export purpose and inventory held in closing stock. Additionally, the Court affirmed the deletion of alleged excess consumption of raw material and components and treated sales tax subsidy as a revenue receipt in favor of the Assessee. The Court's decisions were influenced by previous rulings and legal principles, aligning with consistent judgments in similar cases. en-us Thu, 07 Dec 2017 00:00:00 +0530 Tue, 12 Dec 2017 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352365 The High Court ruled in favor of the Assessee on all issues raised in the appeal. The Court upheld the ITAT's decision to delete additions related to custom duty on import of components for export purpose and inventory held in closing stock. Additionally, the Court affirmed the deletion of alleged excess consumption of raw material and components and treated sales tax subsidy as a revenue receipt in favor of the Assessee. The Court's decisions were influenced by previous rulings and legal principles, aligning with consistent judgments in similar cases. Case-Laws Income Tax Thu, 07 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352365