Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Personal hearing requirements in GST adjudication were satisfied by prior opportunities and written submissions; appellate limitation received writ-pe...
Depreciation on fixed assets funded by project subsidy was allowed, as the Tribunal followed the assessee's own earlier year decision and held that subsidy did not by itself justify denial of depreciation. Additional depreciation on new plant and machinery was remitted for fresh verification because the nature, use and acquisition purpose of the machinery had not been properly examined. Expenditure on Mahila Netruva Vikas Gokul Gram was also sent back, since bills and vouchers were not produced to establish genuineness. Deduction under section 80P(2)(d) on interest from co-operative banks was upheld, the Tribunal applying its consistent view that such interest qualifies for relief.
Depreciation on fixed assets funded by project subsidy was allowed, as the Tribunal followed the assessee's own earlier year decision and held that subsidy did not by itself justify denial of depreciation. Additional depreciation on new plant and machinery was remitted for fresh verification because the nature, use and acquisition purpose of the machinery had not been properly examined. Expenditure on Mahila Netruva Vikas Gokul Gram was also sent back, since bills and vouchers were not produced to establish genuineness. Deduction under section 80P(2)(d) on interest from co-operative banks was upheld, the Tribunal applying its consistent view that such interest qualifies for relief.
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