https://www.taxtmi.com/caselaws?id=20081 The court ruled in favor of the assessee regarding the subsidy received not reducing the cost of the asset for depreciation. However, the court sided with the Revenue on the issue of weighted deduction on a premium paid to the Export Credit Guarantee Corporation. Additionally, the court denied the weighted deduction on the refunded levy by the Coir Board in a subsequent assessment year, ruling in favor of the Revenue. en-us Mon, 07 Mar 1994 00:00:00 +0530 Wed, 11 Nov 2009 15:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20081 The court ruled in favor of the assessee regarding the subsidy received not reducing the cost of the asset for depreciation. However, the court sided with the Revenue on the issue of weighted deduction on a premium paid to the Export Credit Guarantee Corporation. Additionally, the court denied the weighted deduction on the refunded levy by the Coir Board in a subsequent assessment year, ruling in favor of the Revenue. Case-Laws Income Tax Mon, 07 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20081