https://www.taxtmi.com/caselaws?id=772870 The Calcutta HC decided multiple tax issues in favor of the assessee. For adjustment of power transfer transactions, additional depreciation under Section 32(1)(iia), industrial promotion assistance as capital receipt, and MAT computation excluding capital receipts under Section 115JB, the court followed established precedents and dismissed the revenue's appeals. However, regarding interest subsidy from State Government being capital versus revenue receipt, the court admitted this substantial question of law for consideration, as similar issues were pending in other appeals before the court. The matter was listed for hearing after twelve weeks. en-us Tue, 10 Jun 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772870 The Calcutta HC decided multiple tax issues in favor of the assessee. For adjustment of power transfer transactions, additional depreciation under Section 32(1)(iia), industrial promotion assistance as capital receipt, and MAT computation excluding capital receipts under Section 115JB, the court followed established precedents and dismissed the revenue's appeals. However, regarding interest subsidy from State Government being capital versus revenue receipt, the court admitted this substantial question of law for consideration, as similar issues were pending in other appeals before the court. The matter was listed for hearing after twelve weeks. Case-Laws Income Tax Tue, 10 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772870