https://www.taxtmi.com/caselaws?id=266173 The Tribunal remitted the issue back to the AO for fresh adjudication, directing a reevaluation based on additional material to be provided by the appellant regarding the reduction from the cost of fixed assets provided by the Government of Assam affecting depreciation. The Tribunal decided in favor of the appellant for both assessment years, partially allowing the appeals, emphasizing the correct application of provisions related to government grants affecting depreciation and the interpretation of section 43(1) of the Income Tax Act concerning grants received for capital assets. en-us Tue, 27 Jan 2015 00:00:00 +0530 Sun, 18 Oct 2015 17:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266173 The Tribunal remitted the issue back to the AO for fresh adjudication, directing a reevaluation based on additional material to be provided by the appellant regarding the reduction from the cost of fixed assets provided by the Government of Assam affecting depreciation. The Tribunal decided in favor of the appellant for both assessment years, partially allowing the appeals, emphasizing the correct application of provisions related to government grants affecting depreciation and the interpretation of section 43(1) of the Income Tax Act concerning grants received for capital assets. Case-Laws Income Tax Tue, 27 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266173