https://www.taxtmi.com/caselaws?id=10246 The court ruled in favor of the assessee, concluding that the subsidy amount should not be deducted from the actual cost of the generator for depreciation purposes. The Tribunal upheld the original assessment by the Income-tax Officer, emphasizing that the depreciation allowed should not be changed. The court highlighted the complexities in depreciation calculations for assets with subsidies and affirmed the Appellate Assistant Commissioner's decision for the assessment year 1978-79. en-us Thu, 05 Aug 2004 00:00:00 +0530 Sat, 11 Jul 2009 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10246 The court ruled in favor of the assessee, concluding that the subsidy amount should not be deducted from the actual cost of the generator for depreciation purposes. The Tribunal upheld the original assessment by the Income-tax Officer, emphasizing that the depreciation allowed should not be changed. The court highlighted the complexities in depreciation calculations for assets with subsidies and affirmed the Appellate Assistant Commissioner's decision for the assessment year 1978-79. Case-Laws Income Tax Thu, 05 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10246