https://www.taxtmi.com/caselaws?id=341491 The Tribunal allowed the assessee's appeal, ruling that the subsidy received from the Maharashtra State Government was capital in nature and should not be reduced from the cost of assets for depreciation calculation. The Tribunal also reduced the ad hoc disallowance of advertising and sales promotion expenses from Rs. 19,42,224 to Rs. 5 lakhs. en-us Fri, 03 Mar 2017 00:00:00 +0530 Tue, 11 Apr 2017 07:31:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341491 The Tribunal allowed the assessee's appeal, ruling that the subsidy received from the Maharashtra State Government was capital in nature and should not be reduced from the cost of assets for depreciation calculation. The Tribunal also reduced the ad hoc disallowance of advertising and sales promotion expenses from Rs. 19,42,224 to Rs. 5 lakhs. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341491