https://www.taxtmi.com/caselaws?id=5455 SC held that a central subsidy received by the assessee cannot be deducted from the asset's actual cost for computing depreciation. The Court endorsed the majority view of High Courts as legally coherent and preferable in the taxing context, finding the reasoning neither unreasonable nor lacking principle. While "actual cost" is to be interpreted liberally, the subsidy in question does not possess the characteristics that permit its deduction from actual cost for depreciation purposes. en-us Wed, 14 Sep 1994 00:00:00 +0530 Thu, 16 Oct 2025 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5455 SC held that a central subsidy received by the assessee cannot be deducted from the asset's actual cost for computing depreciation. The Court endorsed the majority view of High Courts as legally coherent and preferable in the taxing context, finding the reasoning neither unreasonable nor lacking principle. While "actual cost" is to be interpreted liberally, the subsidy in question does not possess the characteristics that permit its deduction from actual cost for depreciation purposes. Case-Laws Income Tax Wed, 14 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5455