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2016 (4) TMI 1140 - AT - Income TaxDepreciation computation - capital subsidy reduction from the cost of machinery - Held that:- Capital subsidy is not required to be deducted from the cost of plant and machinery Revenue v/s capital receipt - Held that:- Subsidy received as Excise duty reimbursement cannot be taken as revenue receipt MAT computation - Held that:- AO is not entitled to add the above said two items to the book profit computed u/s 115JB of the Act.
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