https://www.taxtmi.com/highlights?id=54807 Disallowance of depreciation - capital subsidy received under Technology Upgradation Fund (TUF) scheme - the said capital subsidy need to be directly credited only to capital reserve and not to be reduced from the value of plant and machinery as per Explanation-10 to Section 43(1) of the Act. - AT en-us Thu, 17 Sep 2020 18:17:55 +0530 Thu, 17 Sep 2020 18:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54807 Disallowance of depreciation - capital subsidy received under Technology Upgradation Fund (TUF) scheme - the said capital subsidy need to be directly credited only to capital reserve and not to be reduced from the value of plant and machinery as per Explanation-10 to Section 43(1) of the Act. - AT Highlights Income Tax Thu, 17 Sep 2020 18:17:55 +0530 https://www.taxtmi.com/highlights?id=54807