https://www.taxtmi.com/caselaws?id=400262 The Court upheld the Tribunal's decision, dismissing the Revenue's appeal and affirming the deletion of the addition made by the Assessing Officer regarding the capital grant. The Court found that the assessee did not acquire any fixed assets on which depreciation had been claimed, thus grants could not be reduced from the cost of fixed assets. Consequently, the appeal was dismissed for lacking merit. en-us Fri, 11 Sep 2020 00:00:00 +0530 Sat, 31 Oct 2020 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400262 The Court upheld the Tribunal's decision, dismissing the Revenue's appeal and affirming the deletion of the addition made by the Assessing Officer regarding the capital grant. The Court found that the assessee did not acquire any fixed assets on which depreciation had been claimed, thus grants could not be reduced from the cost of fixed assets. Consequently, the appeal was dismissed for lacking merit. Case-Laws Income Tax Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400262