{"id":38450,"date":"2024-01-29T13:44:20","date_gmt":"2024-01-29T08:14:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-nestle-india-ltd-2023-457-itr-216-294-taxman-397-delhihc\/"},"modified":"2024-01-29T13:44:20","modified_gmt":"2024-01-29T08:14:20","slug":"pcit-v-nestle-india-ltd-2023-457-itr-216-294-taxman-397-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-nestle-india-ltd-2023-457-itr-216-294-taxman-397-delhihc\/","title":{"rendered":"PCIT v. Nestle India Ltd. (2023) 457 ITR 216 \/ 294 Taxman 397 (Delhi)(HC)"},"content":{"rendered":"<p>Held that subsidy received by assessee was an incentive given to establish an industrial unit in a backward area and, thus, generate employment for local inhabitants, said subsidy which is a capital receipt. Subsidy was not intended as a payment to meet, directly or indirectly, a part of cost of assets, no adjustment could be made to actual cost while allowing the depreciation.\u00a0 \u00a0(A.Y. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Subsidy from State Government-Incentive given to establish an industrial unit in a backward area-Capital receipt-No adjustment could be made to actual cost. [S. 32, 43(1)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-38450","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a0a","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=38450"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38450\/revisions"}],"predecessor-version":[{"id":38451,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38450\/revisions\/38451"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}