High Court Rules Pre-Explanation 10 Subsidies Do Not Impact Asset Cost u/s 43(1) Income Tax Act.

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....Subsidy received prior to insertion of Explanation 10 to section 43(1) - Tribunal was not right in law in holding that the amount of subsidy received prior to insertion of Explanation 10 to sub-section (1) of section 43 of the Act can still be reduced from the cost of assets. - HC....