https://www.taxtmi.com/caselaws?id=253905 The Tribunal partially allowed the appeals in the case. The reassessment under Section 147 was dismissed as not pressed. Regarding the disallowance of depreciation, the Tribunal ruled in favor of the assessee, stating that the subsidy should be adjusted in the year it was actually received. The matter of eligibility for deduction under Section 80-IB(11A) was referred back to the AO for verification based on the precedent set by the ITAT Hyderabad Bench. The Tribunal provided specific directions for the AO to verify and allow claims accordingly. en-us Wed, 22 Oct 2014 00:00:00 +0530 Mon, 08 Dec 2014 08:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253905 The Tribunal partially allowed the appeals in the case. The reassessment under Section 147 was dismissed as not pressed. Regarding the disallowance of depreciation, the Tribunal ruled in favor of the assessee, stating that the subsidy should be adjusted in the year it was actually received. The matter of eligibility for deduction under Section 80-IB(11A) was referred back to the AO for verification based on the precedent set by the ITAT Hyderabad Bench. The Tribunal provided specific directions for the AO to verify and allow claims accordingly. Case-Laws Income Tax Wed, 22 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253905