https://www.taxtmi.com/caselaws?id=786668 Whether an excise-duty reimbursement under an investment-linked incentive scheme is capital or revenue: the subsidy operates as a capital receipt because it is linked to capital investment rather than ordinary trading income, and therefore is not taxable as revenue. Whether that capital receipt must reduce the block of assets for depreciation: absent a direct nexus or attribution of the subsidy to the purchase cost of a specific asset, the subsidy does not reduce the depreciable amount of the asset block and need not be deducted for computing depreciation. en-us Thu, 12 Feb 2026 00:00:00 +0530 Tue, 17 Feb 2026 07:29:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786668 Whether an excise-duty reimbursement under an investment-linked incentive scheme is capital or revenue: the subsidy operates as a capital receipt because it is linked to capital investment rather than ordinary trading income, and therefore is not taxable as revenue. Whether that capital receipt must reduce the block of assets for depreciation: absent a direct nexus or attribution of the subsidy to the purchase cost of a specific asset, the subsidy does not reduce the depreciable amount of the asset block and need not be deducted for computing depreciation. Case-Laws Income Tax Thu, 12 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786668