Incentive in the form of subsidy cannot be considered as a ...

Case Laws     Income Tax

April 11, 2017

Incentive in the form of subsidy cannot be considered as a payment directly or indirectly to meet any portion of the actual cost and thus it falls outside the ambit of Explanation 10 to Section 43(1) of the Act - For the purpose of computing depreciation allowable to the assessee, the subsidy amount cannot be reduced from the cost of the capital asset - AT

View Source