https://www.taxtmi.com/caselaws?id=57461 The appeals by the revenue were dismissed as the Tribunal upheld the Dy. Commissioner (Appeals)'s decision to grant depreciation without deducting the subsidy received from the cost of assets. The Tribunal found that the subsidy did not need to be utilized for acquiring specific capital assets and therefore could not be reduced for the purpose of granting depreciation. The Karnataka High Court's judgment in Diamond Dies Mfg. Corpn. Ltd. was relied upon to support this conclusion, and the revenue's grounds were rejected. en-us Wed, 16 Dec 1992 00:00:00 +0530 Fri, 10 Dec 2010 12:40:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57461 The appeals by the revenue were dismissed as the Tribunal upheld the Dy. Commissioner (Appeals)'s decision to grant depreciation without deducting the subsidy received from the cost of assets. The Tribunal found that the subsidy did not need to be utilized for acquiring specific capital assets and therefore could not be reduced for the purpose of granting depreciation. The Karnataka High Court's judgment in Diamond Dies Mfg. Corpn. Ltd. was relied upon to support this conclusion, and the revenue's grounds were rejected. Case-Laws Income Tax Wed, 16 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57461