https://www.taxtmi.com/caselaws?id=381174 The Court ruled in favor of the assessee on both issues. Regarding the deduction of premium payable on debentures, the Court followed relevant judgments favoring the assessee. Similarly, on the question of deducting cash subsidy received on a generator from its cost for depreciation calculation, the Court relied on previous decisions in favor of the assessee. The Court directed the Tribunal to take further action based on its decision. en-us Wed, 24 Apr 2019 00:00:00 +0530 Tue, 04 Jun 2019 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381174 The Court ruled in favor of the assessee on both issues. Regarding the deduction of premium payable on debentures, the Court followed relevant judgments favoring the assessee. Similarly, on the question of deducting cash subsidy received on a generator from its cost for depreciation calculation, the Court relied on previous decisions in favor of the assessee. The Court directed the Tribunal to take further action based on its decision. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381174