https://www.taxtmi.com/caselaws?id=16608 The High Court dismissed the Revenue's application as the Tribunal's decisions were upheld. The Tribunal's refusal to deduct the Central Government subsidy from the actual cost for depreciation calculation was supported by legal precedents. Additionally, the Tribunal's decision to reduce the excessive consumption addition amount was based on factual findings and evidence, with no legal errors identified. As a result, the application under section 256(2) of the Income-tax Act was rejected, as no referable question of law arose from the matter. en-us Wed, 17 Jan 1996 00:00:00 +0530 Tue, 08 Sep 2009 17:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16608 The High Court dismissed the Revenue's application as the Tribunal's decisions were upheld. The Tribunal's refusal to deduct the Central Government subsidy from the actual cost for depreciation calculation was supported by legal precedents. Additionally, the Tribunal's decision to reduce the excessive consumption addition amount was based on factual findings and evidence, with no legal errors identified. As a result, the application under section 256(2) of the Income-tax Act was rejected, as no referable question of law arose from the matter. Case-Laws Income Tax Wed, 17 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16608