https://www.taxtmi.com/caselaws?id=382531 The ITAT upheld the decisions of the CIT(A) in favor of the assessee on all counts: technical know-how expenses were classified as revenue expenditure, sales tax subsidy was deemed a capital receipt, and the subsidy was to be deducted from book profits under section 115JB. The ITAT found no grounds to alter these conclusions, citing consistent precedent in the assessee's favor from previous years, including specific reference to the assessment year 2009-10 and 2008-09. en-us Mon, 01 Jul 2019 00:00:00 +0530 Thu, 04 Jul 2019 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382531 The ITAT upheld the decisions of the CIT(A) in favor of the assessee on all counts: technical know-how expenses were classified as revenue expenditure, sales tax subsidy was deemed a capital receipt, and the subsidy was to be deducted from book profits under section 115JB. The ITAT found no grounds to alter these conclusions, citing consistent precedent in the assessee's favor from previous years, including specific reference to the assessment year 2009-10 and 2008-09. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382531