https://www.taxtmi.com/caselaws?id=330010 The Tribunal dismissed the revenue's appeal and allowed the assessee's appeal for statistical purposes. The capital investment subsidy, interest subsidy, and electricity subsidy were all treated as capital receipts. The Tribunal also directed the AO to grant additional depreciation on the actual cost of the asset before reducing the subsidy, thus aligning with the provisions of Section 32(1)(iia) of the Act. The Tribunal allowed the consideration of claims made in the revised return by the assessee. en-us Fri, 08 Jul 2016 00:00:00 +0530 Fri, 15 Jul 2016 11:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330010 The Tribunal dismissed the revenue's appeal and allowed the assessee's appeal for statistical purposes. The capital investment subsidy, interest subsidy, and electricity subsidy were all treated as capital receipts. The Tribunal also directed the AO to grant additional depreciation on the actual cost of the asset before reducing the subsidy, thus aligning with the provisions of Section 32(1)(iia) of the Act. The Tribunal allowed the consideration of claims made in the revised return by the assessee. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330010