https://www.taxtmi.com/caselaws?id=432039 The assessee's appeal was dismissed, and the revenue's appeal was partly allowed. The disallowance of education cess was confirmed, and sales tax and excise duty incentives were treated as capital receipts. The disallowance of provision for leave encashment was upheld, along with the allowability of foreign exchange fluctuation loss. The Tribunal's decision aligned with relevant court judgments and statutory provisions, resulting in the overall dismissal of the assessee's appeal. en-us Fri, 29 Jul 2022 00:00:00 +0530 Mon, 26 Dec 2022 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432039 The assessee's appeal was dismissed, and the revenue's appeal was partly allowed. The disallowance of education cess was confirmed, and sales tax and excise duty incentives were treated as capital receipts. The disallowance of provision for leave encashment was upheld, along with the allowability of foreign exchange fluctuation loss. The Tribunal's decision aligned with relevant court judgments and statutory provisions, resulting in the overall dismissal of the assessee's appeal. Case-Laws Income Tax Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432039