Subsidy receipt under "10 per cent. Central Outright Grant of Subsidy Scheme, 1971"-Actual cost of assets for purposes of allowance of depreciation and development rebate-Section 43(1) of the Income-tax Act, 1961--Clarification regarding.

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....bsidy Scheme, 1971"-Actual cost of assets for purposes of allowance of depreciation and development rebate-Section 43(1) of the Income-tax Act, 1961--Clarification regarding. Reference is invited to Board's Circular letter No.142 dated 5th August, 1974 (F.No.204/25/74-ITA.II)* whereby the Board had issued clarification that the amount of subsidy received under "10% Central Outright Grant of Subsi....