https://www.taxtmi.com/caselaws?id=443858 The Tribunal partially allowed the appeal, directing the AO to reduce the income by Rs 3,77,47,870 based on the taxability of the difference between deferral sales tax liability and its prepayment at NPV. The grounds concerning deduction for sales promotion expenses and disallowance of education cess were dismissed as per relevant case law. Additionally, issues related to education cess on dividend distribution tax were not pursued during the hearing and hence were also dismissed. The Tribunal did not explicitly address the additional ground regarding the taxation of export incentives under the MEIS. en-us Mon, 15 May 2023 00:00:00 +0530 Tue, 03 Oct 2023 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443858 The Tribunal partially allowed the appeal, directing the AO to reduce the income by Rs 3,77,47,870 based on the taxability of the difference between deferral sales tax liability and its prepayment at NPV. The grounds concerning deduction for sales promotion expenses and disallowance of education cess were dismissed as per relevant case law. Additionally, issues related to education cess on dividend distribution tax were not pursued during the hearing and hence were also dismissed. The Tribunal did not explicitly address the additional ground regarding the taxation of export incentives under the MEIS. Case-Laws Income Tax Mon, 15 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443858