https://www.taxtmi.com/caselaws?id=181648 The Tribunal partly allowed the appeal, overturning the reduction of investment subsidy from asset value but upholding the disallowance of depreciation on electrical fittings. The subsidy was deemed as not reducing the asset's cost for depreciation calculation, allowing depreciation without subtracting the subsidy amount. However, the claim for higher depreciation on electrical fittings at 25% was denied, maintaining the disallowance at 15% depreciation rate. en-us Fri, 11 Feb 2011 00:00:00 +0530 Thu, 21 Apr 2016 10:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181648 The Tribunal partly allowed the appeal, overturning the reduction of investment subsidy from asset value but upholding the disallowance of depreciation on electrical fittings. The subsidy was deemed as not reducing the asset's cost for depreciation calculation, allowing depreciation without subtracting the subsidy amount. However, the claim for higher depreciation on electrical fittings at 25% was denied, maintaining the disallowance at 15% depreciation rate. Case-Laws Income Tax Fri, 11 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181648