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<h1>Rajasthan HC: Deduction of Subsidy from Asset Costs Allowed, Investment Allowance for Relief Disallowed</h1> The Rajasthan HC ruled in favor of the assessee on the deduction of subsidy from asset costs for depreciation but in favor of the Revenue on the deduction ... - The Rajasthan High Court ruled in favor of the assessee regarding the deduction of subsidy from asset costs for depreciation. However, the Court ruled in favor of the Revenue regarding the deduction of investment allowance from commercial profits for relief under section 80HH of the Income Tax Act.
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