https://www.taxtmi.com/caselaws?id=18948 The High Court ruled in favor of the assessee against the Revenue, holding that the subsidy need not be deducted for depreciation under section 43 of the Income-tax Act, 1961. Additionally, the court determined that both preliminary expenses and the government subsidy should be included in the computation of capital employed for relief under section 80J of the Act. en-us Mon, 06 Jun 1994 00:00:00 +0530 Tue, 03 Nov 2009 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18948 The High Court ruled in favor of the assessee against the Revenue, holding that the subsidy need not be deducted for depreciation under section 43 of the Income-tax Act, 1961. Additionally, the court determined that both preliminary expenses and the government subsidy should be included in the computation of capital employed for relief under section 80J of the Act. Case-Laws Income Tax Mon, 06 Jun 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18948