https://www.taxtmi.com/caselaws?id=56087 The Tribunal dismissed the appeal, upholding the decisions of the CIT (A) on all three grounds. It ruled that the government subsidy should not be deducted from the cost of assets for depreciation and investment allowance, foreign tour expenses were allowed as they were for business purposes, and certain expenses were excluded from perquisites for section 40A(5) calculations. The Tribunal rejected the revenue's arguments and confirmed the CIT (A)'s findings in each instance. en-us Fri, 12 Jan 1990 00:00:00 +0530 Wed, 01 Dec 2010 15:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56087 The Tribunal dismissed the appeal, upholding the decisions of the CIT (A) on all three grounds. It ruled that the government subsidy should not be deducted from the cost of assets for depreciation and investment allowance, foreign tour expenses were allowed as they were for business purposes, and certain expenses were excluded from perquisites for section 40A(5) calculations. The Tribunal rejected the revenue's arguments and confirmed the CIT (A)'s findings in each instance. Case-Laws Income Tax Fri, 12 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56087