{"id":53827,"date":"2025-05-08T15:48:51","date_gmt":"2025-05-08T10:18:51","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pagro-frozen-foods-p-ltd-v-ito-2024-231-ttj-413-38-nypttj-988-chdtrib\/"},"modified":"2025-05-08T15:48:51","modified_gmt":"2025-05-08T10:18:51","slug":"pagro-frozen-foods-p-ltd-v-ito-2024-231-ttj-413-38-nypttj-988-chdtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pagro-frozen-foods-p-ltd-v-ito-2024-231-ttj-413-38-nypttj-988-chdtrib\/","title":{"rendered":"Pagro Frozen Foods (P) Ltd. v. ITO (2024) 231 TTJ 413 \/ 38 NYPTTJ 988 (Chd)(Trib)"},"content":{"rendered":"<p>Tribunal held that nature of grant-in-aid is in the form of financial assistance subject to maximum of Rs. 10 crores for setting up of cold chain value addition and preservation infrastructure so that India usher&#8217;s into a new dawn. However nature of such grant-in-aid is restricted to technical civil work and plant and machinery. Broadly the financial assistance i.e., grant-in-aid are for technical civil work and plant and machinery and nothing else in broad scheme of Government of India, MFPI which was called &#8220;Scheme for Cold Chain Value Addition and Preservation Infrastructure&#8221;. Grant-in-aid is therefore, required to be reduced from the value\/cost of the assets eligible for depreciation.<strong> \u00a0\u00a0<\/strong>(AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 32: Depreciation-Actual cost-Grant in aid received from Government-Grant-in-aid basis the scheme is directly attributable to the cost of plant and machinery and technical civil works-Grant-in-aid is therefore, required to be reduced from the value\/cost of the assets eligible for depreciation.  [S. 32(1)(ii),43(1), Expln 10.] <\/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-53827","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-e0b","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53827","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=53827"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53827\/revisions"}],"predecessor-version":[{"id":53828,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53827\/revisions\/53828"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=53827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=53827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=53827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}