https://www.taxtmi.com/caselaws?id=363629 The Tribunal allowed the assessee's appeal in part, confirming the capital nature of the subsidy received under the West Bengal Incentive Scheme 1999, allowing deferred revenue expenditure to be capitalized, and restricting disallowance under section 14A to 1% of dividend income. The revenue's appeal was dismissed, upholding the CIT(A)'s decisions on deductions under section 35D, foreign exchange loss, and freight charges. en-us Fri, 06 Jul 2018 00:00:00 +0530 Mon, 16 Jul 2018 08:08:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363629 The Tribunal allowed the assessee's appeal in part, confirming the capital nature of the subsidy received under the West Bengal Incentive Scheme 1999, allowing deferred revenue expenditure to be capitalized, and restricting disallowance under section 14A to 1% of dividend income. The revenue's appeal was dismissed, upholding the CIT(A)'s decisions on deductions under section 35D, foreign exchange loss, and freight charges. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363629