https://www.taxtmi.com/caselaws?id=177909 Depreciation was claimed on the 30% grant component of plant and machinery acquired under a 70% loan and 30% grant scheme. The Gujarat HC noted that the identical question had already been decided earlier by the same court in favour of the assessee and against the Revenue, and applied that prior ruling. The issue was therefore answered in the affirmative, recognising depreciation allowance on the grant-funded portion of the asset value. en-us Mon, 26 Apr 2010 00:00:00 +0530 Thu, 21 Jan 2016 18:03:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177909 Depreciation was claimed on the 30% grant component of plant and machinery acquired under a 70% loan and 30% grant scheme. The Gujarat HC noted that the identical question had already been decided earlier by the same court in favour of the assessee and against the Revenue, and applied that prior ruling. The issue was therefore answered in the affirmative, recognising depreciation allowance on the grant-funded portion of the asset value. Case-Laws Income Tax Mon, 26 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177909