Subsidy Not Deducted from Asset Cost for Depreciation; Not Covered Under Explanation 10 to Section 43(1) of IT Act.

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....Disallowance of Depreciation by reducing Written down value of assets by subsidy received - incentive received by the assessee is not covered under the provisions of Explanation 10 to section 43(1) - Consequently, the subsidy amount received by the assessee is not to be reduced from the cost of assets. - AT....