https://www.taxtmi.com/caselaws?id=288887 The Tribunal upheld the CIT(A)'s decision treating Sales Tax Subsidy as capital receipts, disallowing depreciation on assets not registered in the assessee's name, and on power lines not owned by the assessee. The reduction of synchronization charges for deduction u/s 80-IA was accepted. The addition of provision for doubtful debts for computing book profit for MAT was deleted. The non-reduction of book profits by profit from export business u/s 80 HHC was upheld. The direction to reduce the cost of acquisition of assets u/s 43(1) was not justified, and the ground was allowed in favor of the assessee. en-us Wed, 12 Mar 2008 00:00:00 +0530 Sat, 04 Jul 2020 12:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288887 The Tribunal upheld the CIT(A)'s decision treating Sales Tax Subsidy as capital receipts, disallowing depreciation on assets not registered in the assessee's name, and on power lines not owned by the assessee. The reduction of synchronization charges for deduction u/s 80-IA was accepted. The addition of provision for doubtful debts for computing book profit for MAT was deleted. The non-reduction of book profits by profit from export business u/s 80 HHC was upheld. The direction to reduce the cost of acquisition of assets u/s 43(1) was not justified, and the ground was allowed in favor of the assessee. Case-Laws Income Tax Wed, 12 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288887