https://www.taxtmi.com/caselaws?id=271995 The Tribunal held that the subsidy received under the West Bengal Incentive Scheme 2000 was not meant to meet the cost of fixed assets and should not be reduced from the asset value for depreciation purposes. The Tribunal quashed the order under section 263, allowing the appeal of the assessee. en-us Fri, 15 Jan 2016 00:00:00 +0530 Wed, 24 Feb 2016 07:43:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271995 The Tribunal held that the subsidy received under the West Bengal Incentive Scheme 2000 was not meant to meet the cost of fixed assets and should not be reduced from the asset value for depreciation purposes. The Tribunal quashed the order under section 263, allowing the appeal of the assessee. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271995