https://www.taxtmi.com/caselaws?id=286822 The Tribunal directed fresh adjudication on various issues, including the sales tax subsidy being compared to a previous case, valuation adjustments for capital gains, deduction under section 54G allowed, ad-hoc expense disallowances deleted, provision for leave encashment reconsidered, additional depreciation granted for subsequent years, foreign exchange loss allowed, and exclusion of sales tax incentive for book profit referred back for review. The Tribunal emphasized proper valuation, legislative intent, and consistent accounting. Both the assessee and the AO had their appeals partly allowed. en-us Fri, 15 Sep 2017 00:00:00 +0530 Tue, 17 Mar 2020 10:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286822 The Tribunal directed fresh adjudication on various issues, including the sales tax subsidy being compared to a previous case, valuation adjustments for capital gains, deduction under section 54G allowed, ad-hoc expense disallowances deleted, provision for leave encashment reconsidered, additional depreciation granted for subsequent years, foreign exchange loss allowed, and exclusion of sales tax incentive for book profit referred back for review. The Tribunal emphasized proper valuation, legislative intent, and consistent accounting. Both the assessee and the AO had their appeals partly allowed. Case-Laws Income Tax Fri, 15 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286822