https://www.taxtmi.com/caselaws?id=19886 The court ruled in favor of the Revenue, denying the depreciation deduction on the conditional subsidy received for a housing scheme and upholding the disallowance of weighted deduction for certain expenditures under section 35B of the Income-tax Act. The court held that the subsidy need not be included in the actual cost for depreciation calculation and that expenses on freight, packing charges, and a portion of staff salary related to export business were not eligible for weighted deduction. The Tribunal's decisions on both issues were upheld, and no costs were awarded. en-us Fri, 19 Nov 1993 00:00:00 +0530 Tue, 10 Nov 2009 13:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19886 The court ruled in favor of the Revenue, denying the depreciation deduction on the conditional subsidy received for a housing scheme and upholding the disallowance of weighted deduction for certain expenditures under section 35B of the Income-tax Act. The court held that the subsidy need not be included in the actual cost for depreciation calculation and that expenses on freight, packing charges, and a portion of staff salary related to export business were not eligible for weighted deduction. The Tribunal's decisions on both issues were upheld, and no costs were awarded. Case-Laws Income Tax Fri, 19 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19886