https://www.taxtmi.com/caselaws?id=173795 The Tribunal partly allowed all appeals related to the assessment years in question. The deletion of the addition of Rs. 7,47,590 as capital expenditure and the treatment of Rs. 62,38,589 subsidy as a capital receipt were upheld. The Tribunal directed the AO to adjust the cost of fixed assets for depreciation purposes in line with legal precedents and earlier rulings. The reassessment proceedings under section 147 were dismissed. en-us Wed, 21 Dec 2011 00:00:00 +0530 Tue, 22 Sep 2015 16:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173795 The Tribunal partly allowed all appeals related to the assessment years in question. The deletion of the addition of Rs. 7,47,590 as capital expenditure and the treatment of Rs. 62,38,589 subsidy as a capital receipt were upheld. The Tribunal directed the AO to adjust the cost of fixed assets for depreciation purposes in line with legal precedents and earlier rulings. The reassessment proceedings under section 147 were dismissed. Case-Laws Income Tax Wed, 21 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173795