https://www.taxtmi.com/highlights?id=45760 Taxability of subsidy - adjustment in capital assets - given to the assessee to establish the industrial unit in backward regions of the Maharashtra State - from language of the Explanation 10 to section 43(1), it is manifest that it is attracted only when the object of the Scheme is to subsidize the cost of an asset and not otherwise. en-us Tue, 09 Apr 2019 06:43:26 +0530 Tue, 09 Apr 2019 06:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45760 Taxability of subsidy - adjustment in capital assets - given to the assessee to establish the industrial unit in backward regions of the Maharashtra State - from language of the Explanation 10 to section 43(1), it is manifest that it is attracted only when the object of the Scheme is to subsidize the cost of an asset and not otherwise. Highlights Income Tax Tue, 09 Apr 2019 06:43:26 +0530 https://www.taxtmi.com/highlights?id=45760