https://www.taxtmi.com/caselaws?id=306581 The court admitted the appeal based on substantial questions of law related to the interpretation and application of Section 80IA[8] of the Income Tax Act, 1961. The judgment also focused on the assessing officer's invocation of Rule 8D[2][iii] of the Income Tax Rule 1962, the entitlement to 50% additional depreciation, and the classification of interest subsidy as a revenue receipt. The case highlighted the importance of accurate application of tax rules, consistency in depreciation claims, and proper categorization of income for tax purposes. en-us Wed, 11 Mar 2020 00:00:00 +0530 Thu, 09 Feb 2023 21:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306581 The court admitted the appeal based on substantial questions of law related to the interpretation and application of Section 80IA[8] of the Income Tax Act, 1961. The judgment also focused on the assessing officer's invocation of Rule 8D[2][iii] of the Income Tax Rule 1962, the entitlement to 50% additional depreciation, and the classification of interest subsidy as a revenue receipt. The case highlighted the importance of accurate application of tax rules, consistency in depreciation claims, and proper categorization of income for tax purposes. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306581