https://www.taxtmi.com/caselaws?id=15262 The court ruled that the deduction of premium on debentures should be allowed on a proportionate basis over the term of the debentures. Regarding the treatment of cash subsidy received, the court ruled in favor of the assessee against the Revenue, holding that the subsidy should not be deducted from the cost of the asset for depreciation and investment allowance. The court's decisions in R. A. No. 580(Cal) of 1995, R. A. No. 581(Cal) of 1995, and R. A. No. 582(Cal) of 1995 all favored the assessee on these issues. en-us Fri, 03 Mar 2000 00:00:00 +0530 Tue, 04 Aug 2009 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15262 The court ruled that the deduction of premium on debentures should be allowed on a proportionate basis over the term of the debentures. Regarding the treatment of cash subsidy received, the court ruled in favor of the assessee against the Revenue, holding that the subsidy should not be deducted from the cost of the asset for depreciation and investment allowance. The court's decisions in R. A. No. 580(Cal) of 1995, R. A. No. 581(Cal) of 1995, and R. A. No. 582(Cal) of 1995 all favored the assessee on these issues. Case-Laws Income Tax Fri, 03 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15262