Begin typing your search above and press return to search.
![Fertilizer Subsidy Income derived from Business of Industrial undertaking eligible for Income Tax Deduction: ITAT grants relief to Tata Chemicals [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Fertilizer-Subsidy-income-Income-Tax-Deduction-ITAT-Tata-Chemicals-TAXSCAN.jpg "Fertilizer Subsidy Income derived from Business of Industrial undertaking eligible for Income Tax Deduction: ITAT grants relief to Tata Chemicals [Read Order]")
Fertilizer Subsidy Income derived from Business of Industrial undertaking eligible for Income Tax Deduction: ITAT grants relief to Tata Chemicals [Read Order]
In a major relief to the Tata Chemicals, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench has ruled that Fertilizer Subsidy income...
![ITAT deletes Addition made on account of Transport Subsidy, Power Subsidy, and Interest Subsidy [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Transport-Subsidy-Power-Subsidy-Interest-Subsidy-taxscan.jpg "ITAT deletes Addition made on account of Transport Subsidy, Power Subsidy, and Interest Subsidy [Read Order]")
![Relief to Indigo Airlines: Credit/Subsidy from Suppliers of Aircraft Engines and other Components are Capital Receipts, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Indigo-Airlines-Subsidy-Aircraft-Engines-Capital-Receipts-ITAT-taxscan.jpeg "Relief to Indigo Airlines: Credit/Subsidy from Suppliers of Aircraft Engines and other Components are Capital Receipts, rules ITAT [Read Order]")
![Subsidy granted by Govt. for encouraging Industries are Capital Receipts: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Subsidy-Govt-Industries-Capital-Receipts-ITAT-taxscan.jpg "Subsidy granted by Govt. for encouraging Industries are Capital Receipts: ITAT deletes Addition [Read Order]")
Subsidy not to be reduced from Actual Cost of Fixed Assets u/s 43(1) for purpose of Calculation of Depreciation: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune has ruled that, Subsidy is not to be reduced from the actual cost of fixed assets under Section 43(1) for purpose of calculation of depreciation. The...
![Subsidy not to be reduced from Actual Cost of Fixed Assets u/s 43(1) for purpose of Calculation of Depreciation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Subsidy-actual-cost-fixed-assets-calculation-of-depreciation-ITAT-Taxscan.jpg "Subsidy not to be reduced from Actual Cost of Fixed Assets u/s 43(1) for purpose of Calculation of Depreciation: ITAT [Read Order]")
![Subsidy received under Technical Upgradation Fund Scheme is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/VAT-Subsidy-Taxscan.jpg "Subsidy received under Technical Upgradation Fund Scheme is Capital Receipt: ITAT [Read Order]")
![Subsidy Received under Grain Distillery Scheme is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Subsidy-Taxscan.jpg "Subsidy Received under Grain Distillery Scheme is Capital Receipt: ITAT [Read Order]")
Subsidy in the form of Exemption from Entertainment Duty to Newly Established Multiplex Theatres under State’s Scheme is Capital Receipt: SC [Read Judgment]
The Supreme Court of India recently ruled that a subsidy in the form of exemption from entertainment duty to newly established Multiplex Theatres under State’s scheme is capital receipt, and hence,...
![Subsidy in the form of Exemption from Entertainment Duty to Newly Established Multiplex Theatres under State’s Scheme is Capital Receipt: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Subsidy in the form of Exemption from Entertainment Duty to Newly Established Multiplex Theatres under State’s Scheme is Capital Receipt: SC [Read Judgment]")