https://www.taxtmi.com/caselaws?id=64670 A post-acquisition general subsidy received by an industrial unit was held not to reduce the actual cost or written down value of its plant and machinery for depreciation purposes. The key reason was that the subsidy had no direct nexus with the cost of any specific fixed asset, was received after the assets were purchased, and could be used by the assessee in any manner it chose. On those facts, the subsidy was treated as independent of the capital cost of the assets, so no deduction from actual cost under section 43(1) was required. en-us Tue, 15 Jan 1985 00:00:00 +0530 Wed, 09 Feb 2011 12:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64670 A post-acquisition general subsidy received by an industrial unit was held not to reduce the actual cost or written down value of its plant and machinery for depreciation purposes. The key reason was that the subsidy had no direct nexus with the cost of any specific fixed asset, was received after the assets were purchased, and could be used by the assessee in any manner it chose. On those facts, the subsidy was treated as independent of the capital cost of the assets, so no deduction from actual cost under section 43(1) was required. Case-Laws Income Tax Tue, 15 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64670