https://www.taxtmi.com/caselaws?id=61774 The Tribunal upheld the Commissioner (Appeals)'s decision in a tax case, ruling that the amount credited for medicines supplied to the Government should not be treated as trading receipts due to lack of acceptance by the Government. The Tribunal also held that the Central subsidy received should not reduce the cost of assets for depreciation calculation, in line with the Income-tax Act and relevant case law. The departmental appeal was dismissed, affirming the exclusion of the amount from total income and the treatment of Central subsidy for depreciation purposes. en-us Tue, 02 Jul 1985 00:00:00 +0530 Fri, 14 Jan 2011 18:12:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61774 The Tribunal upheld the Commissioner (Appeals)'s decision in a tax case, ruling that the amount credited for medicines supplied to the Government should not be treated as trading receipts due to lack of acceptance by the Government. The Tribunal also held that the Central subsidy received should not reduce the cost of assets for depreciation calculation, in line with the Income-tax Act and relevant case law. The departmental appeal was dismissed, affirming the exclusion of the amount from total income and the treatment of Central subsidy for depreciation purposes. Case-Laws Income Tax Tue, 02 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61774