https://www.taxtmi.com/caselaws?id=425299 The Revenue's appeal was dismissed as it failed to provide any higher court decision reversing the Tribunal's earlier order. The Tribunal upheld that VAT subsidy is a capital receipt, directing the deletion of the subsidy addition. The claim for corporate social responsibility expenditure was allowed based on previous decisions. The Tribunal directed verification for depreciation eligibility on windmills. The disallowance of additional depreciation and license fee was confirmed by the Tribunal. The Revenue's appeal was dismissed, while the assessee's appeal was partly allowed. en-us Fri, 15 Jul 2022 00:00:00 +0530 Tue, 19 Jul 2022 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425299 The Revenue's appeal was dismissed as it failed to provide any higher court decision reversing the Tribunal's earlier order. The Tribunal upheld that VAT subsidy is a capital receipt, directing the deletion of the subsidy addition. The claim for corporate social responsibility expenditure was allowed based on previous decisions. The Tribunal directed verification for depreciation eligibility on windmills. The disallowance of additional depreciation and license fee was confirmed by the Tribunal. The Revenue's appeal was dismissed, while the assessee's appeal was partly allowed. Case-Laws Income Tax Fri, 15 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425299