No part of the subsidy was specifically intended to subsidize ...

Subsidy Not for Fixed Assets: No Deduction from Capital Asset Cost for Depreciation Calculations.

July 28, 2017

Case Laws Income Tax AT

No part of the subsidy was specifically intended to subsidize the cost of any fixed asset - Therefore, for the purpose of computing depreciation allowable to the assessee, the subsidy amount cannot be reduced from the actual cost of the capital asset.

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No part of the subsidy was specifically intended to subsidize ...

Subsidy Not for Fixed Assets: No Deduction from Capital Asset Cost for Depreciation Calculations.

July 28, 2017

Case Laws Income Tax AT

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