https://www.taxtmi.com/caselaws?id=277742 The Tribunal allowed the appeal of the assessee partly by directing the Assessing Officer to treat product development expenses, sales tax subsidy, payments to L&T Infotech Ltd., expenditure on technical know-how, and deferred sales tax equalization liability as revenue items. The Revenue's appeal was dismissed as the Tribunal held these expenses to be revenue in nature, contrary to the capital treatment by the Assessing Officer and CIT(A). en-us Tue, 31 Mar 2015 00:00:00 +0530 Fri, 21 Dec 2018 05:51:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277742 The Tribunal allowed the appeal of the assessee partly by directing the Assessing Officer to treat product development expenses, sales tax subsidy, payments to L&T Infotech Ltd., expenditure on technical know-how, and deferred sales tax equalization liability as revenue items. The Revenue's appeal was dismissed as the Tribunal held these expenses to be revenue in nature, contrary to the capital treatment by the Assessing Officer and CIT(A). Case-Laws Income Tax Tue, 31 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277742