https://www.taxtmi.com/caselaws?id=12330 The court ruled in favor of the assessee regarding the treatment of the Central Government subsidy, stating that the subsidy should not be excluded from the actual cost for depreciation purposes. However, the court ruled in favor of the Department on the issue of deduction under section 80HH, determining that the deduction should be calculated on the net income after deducting depreciation and investment allowance. The court's decisions were influenced by previous case law and the interpretation of relevant provisions of the Income-tax Act. en-us Tue, 30 Oct 2001 00:00:00 +0530 Sun, 21 Feb 2010 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12330 The court ruled in favor of the assessee regarding the treatment of the Central Government subsidy, stating that the subsidy should not be excluded from the actual cost for depreciation purposes. However, the court ruled in favor of the Department on the issue of deduction under section 80HH, determining that the deduction should be calculated on the net income after deducting depreciation and investment allowance. The court's decisions were influenced by previous case law and the interpretation of relevant provisions of the Income-tax Act. Case-Laws Income Tax Tue, 30 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12330