Subsidy Reduction Not Allowed in Depreciation Calculation for Asset Blocks u/s 43 of Income Tax Act.

Subsidy Reduction Not Allowed in Depreciation Calculation for Asset Blocks u/s 43 of Income Tax Act. https://www.taxtmi.com/highlights?id=27758 Reducing the subsidy for the purpose of calculation of depreciation - When the statute does not contemplate computation of actual cost of assets after it becomes part of a block of assets, Explanation 10 to Subsection (1) of Section 43 of the Act cannot be made applicable to assets of which the actual cost has been determined and forms part of a block of assets. - AT en-us Fri, 04 Mar 2016 16:47:50 +0530 Fri, 04 Mar 2016 16:47:50 +0530 TaxTMI RSS Generator Subsidy Reduction Not Allowed in Depreciation Calculation for Asset Blocks u/s 43 of Income Tax Act. https://www.taxtmi.com/highlights?id=27758 Reducing the subsidy for the purpose of calculation of depreciation - When the statute does not contemplate computation of actual cost of assets after it becomes part of a block of assets, Explanation 10 to Subsection (1) of Section 43 of the Act cannot be made applicable to assets of which the actual cost has been determined and forms part of a block of assets. - AT Highlights Income Tax Fri, 04 Mar 2016 16:47:50 +0530 https://www.taxtmi.com/highlights?id=27758