https://www.taxtmi.com/caselaws?id=15281 The court ruled in favor of the assessee regarding the subsidy deduction issue, holding that the subsidy received should not be deducted from the actual cost for depreciation calculations. However, the court sided with the Revenue regarding commission payments, deeming them as part of the employees' salary under the Income-tax Act. The judgment emphasized the statutory definitions and the inclusive nature of the term "salary," highlighting that payment labels do not determine their classification. en-us Mon, 09 Nov 1998 00:00:00 +0530 Tue, 04 Aug 2009 13:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15281 The court ruled in favor of the assessee regarding the subsidy deduction issue, holding that the subsidy received should not be deducted from the actual cost for depreciation calculations. However, the court sided with the Revenue regarding commission payments, deeming them as part of the employees' salary under the Income-tax Act. The judgment emphasized the statutory definitions and the inclusive nature of the term "salary," highlighting that payment labels do not determine their classification. Case-Laws Income Tax Mon, 09 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15281