https://www.taxtmi.com/circulars?id=4591 The subsidy received under the 10 per cent Central Outright Grant Scheme is a capital receipt and, because Section 43(1) defines actual cost as cost reduced by amounts met by others, the subsidy must be deducted from the cost of assets for computing development rebate and depreciation. en-us Mon, 01 Mar 1976 00:00:00 +0530 Thu, 31 Jul 2008 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4591 The subsidy received under the 10 per cent Central Outright Grant Scheme is a capital receipt and, because Section 43(1) defines actual cost as cost reduced by amounts met by others, the subsidy must be deducted from the cost of assets for computing development rebate and depreciation. Circulars Income Tax Mon, 01 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4591