https://www.taxtmi.com/caselaws?id=25582 Whether a capital subsidy reduces the "actual cost" under section 43(1) for depreciation and investment allowance: the Tribunal found the subsidy was not granted specifically to defray part of the plant and machinery cost, contrary to the Commissioner's finding. On that factual and legal basis the Tribunal correctly excluded the subsidy from the asset's actual cost for computing depreciation and investment allowance. HC affirms the Tribunal's conclusion, holding the subsidy non-deductible for section 43(1) purposes; reference answered against Revenue and parties to bear their own costs. en-us Wed, 15 Jul 1987 00:00:00 +0530 Fri, 16 Jan 2026 11:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25582 Whether a capital subsidy reduces the "actual cost" under section 43(1) for depreciation and investment allowance: the Tribunal found the subsidy was not granted specifically to defray part of the plant and machinery cost, contrary to the Commissioner's finding. On that factual and legal basis the Tribunal correctly excluded the subsidy from the asset's actual cost for computing depreciation and investment allowance. HC affirms the Tribunal's conclusion, holding the subsidy non-deductible for section 43(1) purposes; reference answered against Revenue and parties to bear their own costs. Case-Laws Income Tax Wed, 15 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25582