The Income Tax Appellate Tribunal (ITAT), Kolkatta bench has held thata specified percentage of subsidy amount of gross value of the fixed asset as on the date of commercial production is not deductible u/s 43(1) read with Explanation 10 of the Income Tax Act 1961. The appellant revenue alleged against the confirmation of subsidy received…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1199 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
