https://www.taxtmi.com/caselaws?id=281305 The Tribunal allowed deductions under Section 80IC for transport subsidy and sales tax rebate, treating them as capital receipts based on Supreme Court precedents. The treatment of interest income on FDRs was remanded for further assessment following High Court principles. Subsidies for industrial development were classified as capital receipts, excluding them from taxable income. The Tribunal's decisions were guided by legal precedents, partly allowing appeals and remanding some issues for reconsideration, providing a comprehensive resolution to the contested matters. en-us Mon, 05 Nov 2018 00:00:00 +0530 Thu, 13 Jun 2019 06:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281305 The Tribunal allowed deductions under Section 80IC for transport subsidy and sales tax rebate, treating them as capital receipts based on Supreme Court precedents. The treatment of interest income on FDRs was remanded for further assessment following High Court principles. Subsidies for industrial development were classified as capital receipts, excluding them from taxable income. The Tribunal's decisions were guided by legal precedents, partly allowing appeals and remanding some issues for reconsideration, providing a comprehensive resolution to the contested matters. Case-Laws Income Tax Mon, 05 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281305