https://www.taxtmi.com/caselaws?id=287881 The Tribunal upheld the validity of the assessment order and the treatment of sales tax incentives and excise duty benefits as capital receipts. It directed the Assessing Officer to re-examine other disallowances related to additional depreciation, expenditure incurred in relation to exempt income, depreciation on fixed assets, and FCCB premium. The Tribunal partly allowed the appeals filed by both parties for statistical purposes, emphasizing further verification and reconsideration on specific issues. en-us Fri, 13 Dec 2019 00:00:00 +0530 Thu, 07 May 2020 09:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287881 The Tribunal upheld the validity of the assessment order and the treatment of sales tax incentives and excise duty benefits as capital receipts. It directed the Assessing Officer to re-examine other disallowances related to additional depreciation, expenditure incurred in relation to exempt income, depreciation on fixed assets, and FCCB premium. The Tribunal partly allowed the appeals filed by both parties for statistical purposes, emphasizing further verification and reconsideration on specific issues. Case-Laws Income Tax Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287881