https://www.taxtmi.com/caselaws?id=191188 The court upheld the assessee's challenge regarding the deduction of Central and State subsidies from the cost of assets for depreciation calculation, citing a Supreme Court precedent that subsidies should not be deducted. However, the court overturned the decision to exclude commission and brokerage payments from disallowance under section 37(3A) of the Income-tax Act, stating that such payments should not be excluded. en-us Fri, 03 Dec 1999 00:00:00 +0530 Thu, 23 Mar 2017 18:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191188 The court upheld the assessee's challenge regarding the deduction of Central and State subsidies from the cost of assets for depreciation calculation, citing a Supreme Court precedent that subsidies should not be deducted. However, the court overturned the decision to exclude commission and brokerage payments from disallowance under section 37(3A) of the Income-tax Act, stating that such payments should not be excluded. Case-Laws Income Tax Fri, 03 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191188