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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Since the subsidy received for setting up of industries by ...


Subsidy Reduces Cost of Plant and Machinery for Taxpayers per Section 43(1) Explanation.

May 7, 2016

Case Laws     Income Tax     AT

Since the subsidy received for setting up of industries by installing plant and machinery would definitely reduce the cost of the plant and machinery from the side of the assessee and it is to be reduced from the cost of plant and machinery in terms of above Explanation to Sec.43(1) - AT

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