https://www.taxtmi.com/caselaws?id=465023 ITAT Ahmedabad allowed the assessee's appeal. It held that once deduction u/s 80-IA had already been allowed to the eligible undertaking, any further disallowance of depreciation relating to that undertaking would only enhance eligible profits and thus confer no revenue benefit; the disallowance was therefore deleted and the addition set aside. On the issue of interest subsidy under the Technology Upgradation Fund Scheme, following coordinate bench precedent, ITAT treated the subsidy as prima facie capital in nature, admitted the additional ground, and remanded the matter to the AO for fresh adjudication on quantum and factual verification. Additional grounds in reassessment were held admissible and allowed for statistical purposes. en-us Tue, 02 Apr 2024 00:00:00 +0530 Tue, 02 Dec 2025 12:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465023 ITAT Ahmedabad allowed the assessee's appeal. It held that once deduction u/s 80-IA had already been allowed to the eligible undertaking, any further disallowance of depreciation relating to that undertaking would only enhance eligible profits and thus confer no revenue benefit; the disallowance was therefore deleted and the addition set aside. On the issue of interest subsidy under the Technology Upgradation Fund Scheme, following coordinate bench precedent, ITAT treated the subsidy as prima facie capital in nature, admitted the additional ground, and remanded the matter to the AO for fresh adjudication on quantum and factual verification. Additional grounds in reassessment were held admissible and allowed for statistical purposes. Case-Laws Income Tax Tue, 02 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465023