https://www.taxtmi.com/caselaws?id=21858 The court ruled in favor of the Revenue in most instances, holding export incentives and cash subsidies as taxable income, exchange fluctuation expenditure as capital expenditure, and donations to a trust as non-deductible. However, the court directed a re-evaluation of deductions for maintaining transit bungalows and allowed deductions for expenses related to a proposed cement factory project. Additionally, unclaimed wages written back were deemed taxable under section 41(1) due to the cessation of liability over time. en-us Fri, 01 Mar 1991 00:00:00 +0530 Wed, 02 Dec 2009 12:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21858 The court ruled in favor of the Revenue in most instances, holding export incentives and cash subsidies as taxable income, exchange fluctuation expenditure as capital expenditure, and donations to a trust as non-deductible. However, the court directed a re-evaluation of deductions for maintaining transit bungalows and allowed deductions for expenses related to a proposed cement factory project. Additionally, unclaimed wages written back were deemed taxable under section 41(1) due to the cessation of liability over time. Case-Laws Income Tax Fri, 01 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21858