https://www.taxtmi.com/caselaws?id=70611 The Tribunal, by a majority decision, allowed the department's appeal, holding that the subsidy received by the assessee should be deducted from the cost of the assets for computing deductions under Sections 32, 32A, and 80J of the Income Tax Act, 1961. The dissenting opinion and the Third Member's decision disagreed, emphasizing that the subsidy was not specifically linked to the cost of any particular asset but aimed at encouraging industrial development in backward areas. en-us Tue, 04 Sep 1984 00:00:00 +0530 Mon, 18 Apr 2011 11:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70611 The Tribunal, by a majority decision, allowed the department's appeal, holding that the subsidy received by the assessee should be deducted from the cost of the assets for computing deductions under Sections 32, 32A, and 80J of the Income Tax Act, 1961. The dissenting opinion and the Third Member's decision disagreed, emphasizing that the subsidy was not specifically linked to the cost of any particular asset but aimed at encouraging industrial development in backward areas. Case-Laws Income Tax Tue, 04 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70611