https://www.taxtmi.com/caselaws?id=293032 The Tribunal allowed the assessee's appeal, dismissing the revenue's appeal. The disallowance of business advances written off was overturned as they were for the business's raw material. Foreign travel expenditure disallowance was sent back for lack of specific details. Market research expenditure disallowance was deleted as TDS was not required. Capital subsidy was deemed a capital receipt, not taxable as revenue. Product development expenses disallowance was overturned as essential for business. The Tribunal's decisions were based on legal principles and factual findings. en-us Mon, 30 Nov 2015 00:00:00 +0530 Wed, 20 Jan 2021 13:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293032 The Tribunal allowed the assessee's appeal, dismissing the revenue's appeal. The disallowance of business advances written off was overturned as they were for the business's raw material. Foreign travel expenditure disallowance was sent back for lack of specific details. Market research expenditure disallowance was deleted as TDS was not required. Capital subsidy was deemed a capital receipt, not taxable as revenue. Product development expenses disallowance was overturned as essential for business. The Tribunal's decisions were based on legal principles and factual findings. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293032