The Hon’ble Tribunal held that the subsidy received by the assessee could not be deducted from the written down value of the block of assets in terms of Explanation 10 to section 43(1) of the Act. (AY. 2014-15, 2015-16)
Asst. CIT v. Electrosteel Casting Ltd. (2023)101 ITR 359 (Kol) (Trib)
S. 43(1) : Actual cost-Subsidy cannot be deducted from W.D.W of block of asset. [Explanation-10]