https://www.taxtmi.com/caselaws?id=381578 The ITAT upheld the treatment of sales tax subsidy and technical know-how fees as capital in nature, dismissing the Revenue's appeal. It also upheld the allowance of prior period expenses and exclusion of sales tax subsidy from book profits for MAT purposes. However, the ITAT dismissed the appeals regarding bad debts, fines and penalties, and provision for warranty rejections. en-us Mon, 27 May 2019 00:00:00 +0530 Thu, 13 Jun 2019 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381578 The ITAT upheld the treatment of sales tax subsidy and technical know-how fees as capital in nature, dismissing the Revenue's appeal. It also upheld the allowance of prior period expenses and exclusion of sales tax subsidy from book profits for MAT purposes. However, the ITAT dismissed the appeals regarding bad debts, fines and penalties, and provision for warranty rejections. Case-Laws Income Tax Mon, 27 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381578