https://www.taxtmi.com/caselaws?id=290481 The ITAT ruled in favor of the assessee, allowing all four appeals concerning assessment years 2009-10 to 2012-13. The ITAT upheld the treatment of sales tax subsidy as non-revenue receipt and allowed expenditures on feasibility studies and foreign travel. The Department's appeals were dismissed, including the disallowance under Section 14A and addition related to scrap sales, due to lack of incriminating evidence. The decisions were consistent with prior favorable rulings for the assessee, and the orders were finalized on 27th April 2018. en-us Fri, 27 Apr 2018 00:00:00 +0530 Thu, 14 Nov 2024 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290481 The ITAT ruled in favor of the assessee, allowing all four appeals concerning assessment years 2009-10 to 2012-13. The ITAT upheld the treatment of sales tax subsidy as non-revenue receipt and allowed expenditures on feasibility studies and foreign travel. The Department's appeals were dismissed, including the disallowance under Section 14A and addition related to scrap sales, due to lack of incriminating evidence. The decisions were consistent with prior favorable rulings for the assessee, and the orders were finalized on 27th April 2018. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290481