https://www.taxtmi.com/caselaws?id=9923 The High Court upheld the Tribunal's decision to not deduct the subsidy amount from the asset cost for depreciation calculation and to treat the ore shed as part of the plant, allowing depreciation and extra shift allowance. The Court found the ore shed to be integral to the plant's operations, facilitating the processing of raw materials efficiently. The judgment affirmed the Tribunal's rulings, disposing of the reference without costs. en-us Wed, 29 Mar 2006 00:00:00 +0530 Fri, 03 Jul 2009 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9923 The High Court upheld the Tribunal's decision to not deduct the subsidy amount from the asset cost for depreciation calculation and to treat the ore shed as part of the plant, allowing depreciation and extra shift allowance. The Court found the ore shed to be integral to the plant's operations, facilitating the processing of raw materials efficiently. The judgment affirmed the Tribunal's rulings, disposing of the reference without costs. Case-Laws Income Tax Wed, 29 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9923