https://www.taxtmi.com/caselaws?id=219933 The Court ruled in favor of the Revenue, allowing the appeals against the Income Tax Appellate Tribunal's order. The subsidy received for commissioning the Co-Generation Power Plant was held to be deducted from the cost of assets for depreciation calculation, in accordance with Explanation 10 of Section 43(1) of the Income Tax Act, 1961. This decision clarified the correct treatment of subsidies in asset valuation and depreciation calculations. en-us Fri, 31 Aug 2012 00:00:00 +0530 Wed, 02 Jan 2013 15:09:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219933 The Court ruled in favor of the Revenue, allowing the appeals against the Income Tax Appellate Tribunal's order. The subsidy received for commissioning the Co-Generation Power Plant was held to be deducted from the cost of assets for depreciation calculation, in accordance with Explanation 10 of Section 43(1) of the Income Tax Act, 1961. This decision clarified the correct treatment of subsidies in asset valuation and depreciation calculations. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219933