https://www.taxtmi.com/caselaws?id=205342 The High Court of Allahabad affirmed decisions favoring the assessee in a case involving relief for sales tax payment timing and subsidy impact on depreciation for a generator set. The court ruled in line with Supreme Court precedents, allowing the deduction for sales tax paid after the accounting year and permitting depreciation without reducing the cost by the subsidy amount. The court's decision aligned with legal principles and established precedents, providing detailed reasoning for its rulings. en-us Thu, 21 Oct 2010 00:00:00 +0530 Fri, 21 Dec 2012 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205342 The High Court of Allahabad affirmed decisions favoring the assessee in a case involving relief for sales tax payment timing and subsidy impact on depreciation for a generator set. The court ruled in line with Supreme Court precedents, allowing the deduction for sales tax paid after the accounting year and permitting depreciation without reducing the cost by the subsidy amount. The court's decision aligned with legal principles and established precedents, providing detailed reasoning for its rulings. Case-Laws Income Tax Thu, 21 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205342