https://www.taxtmi.com/caselaws?id=382035 The Tribunal partly allowed the appeals of the assessee and the cross-appeals of the Revenue. It allowed depreciation on non-existing assets, directed verification of subsidies before disallowing depreciation under Section 43(1) Explanation 10, held that MAT provisions were not applicable, and upheld the deletion of disallowance of prior period expenses. en-us Fri, 31 May 2019 00:00:00 +0530 Mon, 24 Jun 2019 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382035 The Tribunal partly allowed the appeals of the assessee and the cross-appeals of the Revenue. It allowed depreciation on non-existing assets, directed verification of subsidies before disallowing depreciation under Section 43(1) Explanation 10, held that MAT provisions were not applicable, and upheld the deletion of disallowance of prior period expenses. Case-Laws Income Tax Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382035