https://www.taxtmi.com/caselaws?id=440992 The Tribunal determined that Sales Tax subsidy is a capital receipt, not affecting the allowability of depreciation. It upheld the ld. CIT(A)'s decision regarding the disallowance of deduction u/s 10B, finding no merit in the Assessing Officer's action. The Tribunal allowed higher depreciation on computer accessories following a High Court decision. Additionally, it dismissed the Revenue's grounds on the addition of capital subsidy and loan processing charges for A.Y 2008-09, based on previous rulings and the nature of expenses incurred. The Revenue's appeals were ultimately dismissed in all instances. en-us Wed, 26 Jul 2023 00:00:00 +0530 Sat, 29 Jul 2023 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440992 The Tribunal determined that Sales Tax subsidy is a capital receipt, not affecting the allowability of depreciation. It upheld the ld. CIT(A)'s decision regarding the disallowance of deduction u/s 10B, finding no merit in the Assessing Officer's action. The Tribunal allowed higher depreciation on computer accessories following a High Court decision. Additionally, it dismissed the Revenue's grounds on the addition of capital subsidy and loan processing charges for A.Y 2008-09, based on previous rulings and the nature of expenses incurred. The Revenue's appeals were ultimately dismissed in all instances. Case-Laws Income Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440992