https://www.taxtmi.com/caselaws?id=426243 The Tribunal partially allowed the appeal, directing the AO to delete disallowances of expenditure as capital expenditure and dealer incentives, allow deductions for scientific research expenditure, exclude industrial promotional subsidy as a capital receipt, and reexamine adjustments in Arm's Length Price. The Tribunal also instructed the AO to compute carry forward losses and unabsorbed depreciation correctly. The decision highlighted the significance of following legal precedents and interpreting tax provisions accurately. en-us Thu, 28 Apr 2022 00:00:00 +0530 Tue, 09 Aug 2022 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426243 The Tribunal partially allowed the appeal, directing the AO to delete disallowances of expenditure as capital expenditure and dealer incentives, allow deductions for scientific research expenditure, exclude industrial promotional subsidy as a capital receipt, and reexamine adjustments in Arm's Length Price. The Tribunal also instructed the AO to compute carry forward losses and unabsorbed depreciation correctly. The decision highlighted the significance of following legal precedents and interpreting tax provisions accurately. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426243