https://www.taxtmi.com/caselaws?id=23920 Capital subsidy received by an assessee was held not to be deducted from the actual cost of fixed assets for depreciation purposes. The Madhya Pradesh High Court followed its binding precedent in CIT v. Bhandari Capacitors Private Ltd. and treated the subsidy as outside the cost base used for computing depreciation. The capital subsidy of Rs. 8,23,287 therefore remained excluded from any reduction in actual cost, and the reference was answered against the Revenue. en-us Thu, 09 Mar 1989 00:00:00 +0530 Fri, 15 Jan 2010 12:36:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23920 Capital subsidy received by an assessee was held not to be deducted from the actual cost of fixed assets for depreciation purposes. The Madhya Pradesh High Court followed its binding precedent in CIT v. Bhandari Capacitors Private Ltd. and treated the subsidy as outside the cost base used for computing depreciation. The capital subsidy of Rs. 8,23,287 therefore remained excluded from any reduction in actual cost, and the reference was answered against the Revenue. Case-Laws Income Tax Thu, 09 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23920