04 October 2010
FIRM HAS RECEIVED SUBSIDY (CAPITAL INCENTIVE). HOW TO TREAT IT. - DEDUCT FROM FIXED ASSET AND THEN CACULATE DEPRECIATION? OR - TREAT IT AS CAPITAL RECEIPT.
IF IT IS TO BE TREATD AS CAPITAL RECEIPT THEN PL TELL ME THE DECISIONS IN THIS FAVOUR. WHETHER CIT Vs R C STORAGE CASE OF ALLAHABAD HIGHCOURT IS APPLICABLE?
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