https://www.taxtmi.com/caselaws?id=18851 The court held that cash compensatory support for export is taxable as a revenue receipt, ruling in favor of the Revenue. However, the Central Government subsidy was deemed not deductible from the money cost of assets for depreciation purposes, with the court ruling in favor of the assessee. en-us Mon, 03 Apr 1995 00:00:00 +0530 Mon, 02 Nov 2009 13:28:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18851 The court held that cash compensatory support for export is taxable as a revenue receipt, ruling in favor of the Revenue. However, the Central Government subsidy was deemed not deductible from the money cost of assets for depreciation purposes, with the court ruling in favor of the assessee. Case-Laws Income Tax Mon, 03 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18851