https://www.taxtmi.com/caselaws?id=19750 A government subsidy is not deductible from the cost of an assessee's assets under section 43(1) unless it is granted with the intention of meeting, directly or indirectly, that asset cost. Applying an earlier Division Bench view, the Rajasthan High Court noted that where the subsidy is not intended to defray the cost of the assets, it does not reduce actual cost for depreciation purposes. The stated conclusion was that the subsidy here was not so intended and therefore remained outside the asset cost base for depreciation. en-us Fri, 08 Apr 1994 00:00:00 +0530 Mon, 09 Nov 2009 13:59:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19750 A government subsidy is not deductible from the cost of an assessee's assets under section 43(1) unless it is granted with the intention of meeting, directly or indirectly, that asset cost. Applying an earlier Division Bench view, the Rajasthan High Court noted that where the subsidy is not intended to defray the cost of the assets, it does not reduce actual cost for depreciation purposes. The stated conclusion was that the subsidy here was not so intended and therefore remained outside the asset cost base for depreciation. Case-Laws Income Tax Fri, 08 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19750