This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Depreciation Disallowance Deleted as Subsidy Was Capital in Nature
Case Law Details
- Case Name
- Puri Oil Mills Limited Vs ACIT/ DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Puri Oil Mills Limited Vs ACIT/ DCIT (ITAT Delhi)
Capital Subsidy for Hydro Power Project Not to Reduce Asset Cost: Delhi ITAT Restores Full Depreciation; FA-2015 Amendment Held Prospective
Delhi ITAT, Delhi Bench ‘F’, in Puri Oil Mills Ltd. Vs ACIT/DCIT (ITA No.1681/Del/2018, AY 2014-15, order dated 19-12-2025), allowed the assessee’s appeal and deleted disallowance of depreciation of ₹72.90 lakh made by reducing capital subsidy of ₹4.86 crore from the cost of fixed assets. The Tribunal held that the subsidy received under MNRE policy for setting up Small Hydro Powe...
Author Info
