https://www.taxtmi.com/caselaws?id=359563 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete the addition of depreciation on capital subsidy. The Tribunal relied on legal principles established by the Supreme Court and previous case law, determining that the subsidy received was not meant to cover the asset's cost. Therefore, it should not reduce the actual cost for depreciation calculation. The Tribunal found the CIT-A's decision justified and dismissed the Revenue's appeal, citing consistency with past rulings and statutory guidelines. en-us Wed, 28 Mar 2018 00:00:00 +0530 Wed, 02 May 2018 06:24:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359563 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete the addition of depreciation on capital subsidy. The Tribunal relied on legal principles established by the Supreme Court and previous case law, determining that the subsidy received was not meant to cover the asset's cost. Therefore, it should not reduce the actual cost for depreciation calculation. The Tribunal found the CIT-A's decision justified and dismissed the Revenue's appeal, citing consistency with past rulings and statutory guidelines. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359563