https://www.taxtmi.com/caselaws?id=62933 The Tribunal upheld the Commissioner of Income-tax (Appeals) order allowing weighted deduction for laboratory and quality control expenses for the assessment year 1982-83. It held that Central subsidy should not reduce the cost of fixed assets for depreciation and investment allowance. The Tribunal also ruled that gains from exchange rate differences were taxable as revenue receipts. The Special Bench composition was deemed valid, and questions based on minority views were not referred, emphasizing the majority view's authority. The case was referred to the High Court for further consideration on various taxability issues. en-us Thu, 20 Apr 1989 00:00:00 +0530 Mon, 24 Jan 2011 17:42:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62933 The Tribunal upheld the Commissioner of Income-tax (Appeals) order allowing weighted deduction for laboratory and quality control expenses for the assessment year 1982-83. It held that Central subsidy should not reduce the cost of fixed assets for depreciation and investment allowance. The Tribunal also ruled that gains from exchange rate differences were taxable as revenue receipts. The Special Bench composition was deemed valid, and questions based on minority views were not referred, emphasizing the majority view's authority. The case was referred to the High Court for further consideration on various taxability issues. Case-Laws Income Tax Thu, 20 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62933