https://www.taxtmi.com/caselaws?id=307376 The Tribunal partly allowed the assessee's appeal, remanding the issue of disallowance of expenses on an abandoned project for verification. The claim for deduction of subsidy repaid was rejected. However, the claim for depreciation on plant and machinery used for trial production was allowed. The Tribunal also dismissed the Revenue's appeal on income from the sale of ammonia, forfeiture of share capital, release of water expenditure, and expenditure on fire fighting equipment. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed and partly for statistical purposes. en-us Fri, 17 Sep 2010 00:00:00 +0530 Sat, 08 Apr 2023 11:26:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307376 The Tribunal partly allowed the assessee's appeal, remanding the issue of disallowance of expenses on an abandoned project for verification. The claim for deduction of subsidy repaid was rejected. However, the claim for depreciation on plant and machinery used for trial production was allowed. The Tribunal also dismissed the Revenue's appeal on income from the sale of ammonia, forfeiture of share capital, release of water expenditure, and expenditure on fire fighting equipment. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed and partly for statistical purposes. Case-Laws Income Tax Fri, 17 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307376