https://www.taxtmi.com/caselaws?id=19226 The High Court upheld the Tribunal's decision to categorize the subsidy received by the assessee as a non-taxable grant, leading to a significant reduction in the assessee's total income. Additionally, the Court supported the Tribunal's exclusion of specific advertisement expenses related to personnel recruitment. The Department's application for a reference to the High Court under section 256(1) of the Income-tax Act was rejected, as the Court found no legal issues to be addressed. The Department's petition was dismissed, and no costs were awarded. en-us Mon, 28 Aug 1995 00:00:00 +0530 Wed, 04 Nov 2009 17:01:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19226 The High Court upheld the Tribunal's decision to categorize the subsidy received by the assessee as a non-taxable grant, leading to a significant reduction in the assessee's total income. Additionally, the Court supported the Tribunal's exclusion of specific advertisement expenses related to personnel recruitment. The Department's application for a reference to the High Court under section 256(1) of the Income-tax Act was rejected, as the Court found no legal issues to be addressed. The Department's petition was dismissed, and no costs were awarded. Case-Laws Income Tax Mon, 28 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19226