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Capital Subsidy Under TUF Scheme Must Be Credited to Capital Reserve, Not Deducted for Depreciation: Explanation-10, Sec 43(1.

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....Disallowance of depreciation - capital subsidy received under Technology Upgradation Fund (TUF) scheme - the said capital subsidy need to be directly credited only to capital reserve and not to be reduced from the value of plant and machinery as per Explanation-10 to Section 43(1) of the Act. - AT....

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Capital Subsidy Under TUF Scheme Must Be Credited to Capital Reserve, Not Deducted for Depreciation: Explanation-10, Sec 43(1.