https://www.taxtmi.com/caselaws?id=37772 The High Court held that the power subsidy received by the assessee was taxable under the Income-tax Act, 1961. Additionally, the expenditure incurred for constructing a railway overbridge was allowed as a deductible business expenditure. The court also ruled in favor of the assessee, allowing depreciation on roads and bridges. The High Court provided a comprehensive resolution to the issues raised in the case. en-us Fri, 15 Apr 1977 00:00:00 +0530 Thu, 01 Apr 2010 10:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37772 The High Court held that the power subsidy received by the assessee was taxable under the Income-tax Act, 1961. Additionally, the expenditure incurred for constructing a railway overbridge was allowed as a deductible business expenditure. The court also ruled in favor of the assessee, allowing depreciation on roads and bridges. The High Court provided a comprehensive resolution to the issues raised in the case. Case-Laws Income Tax Fri, 15 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37772