https://www.taxtmi.com/caselaws?id=439303 The Tribunal upheld the deletion of additions on account of grants received under SGSY and depreciation claimed on plant and machinery acquired through grants/subsidies. It also dismissed the disallowance under Section 80P(2)(d) of the Income Tax Act and ruled that interest earned on SGSY grants should not be taxed. The Tribunal favored the assessee in all contested issues, dismissing the Revenue's appeal and allowing the assessee's cross-objection. en-us Fri, 16 Jun 2023 00:00:00 +0530 Tue, 20 Jun 2023 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439303 The Tribunal upheld the deletion of additions on account of grants received under SGSY and depreciation claimed on plant and machinery acquired through grants/subsidies. It also dismissed the disallowance under Section 80P(2)(d) of the Income Tax Act and ruled that interest earned on SGSY grants should not be taxed. The Tribunal favored the assessee in all contested issues, dismissing the Revenue's appeal and allowing the assessee's cross-objection. Case-Laws Income Tax Fri, 16 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439303