https://www.taxtmi.com/caselaws?id=58199 Weighted deduction under section 35C applied to processing of hybrid seeds because hybrid seeds were treated as agricultural products, bringing such processing within the provision's scope. The deduction, however, was confined to expenditure actually incurred by the assessee for eligible goods, services, facilities, or dissemination of agricultural information; amounts recovered from growers, including inspection costs embedded in seed charges, had to be excluded after proper factual scrutiny. Central subsidy was not required to be deducted from the value of assets for depreciation and development rebate, following existing Tribunal authority. en-us Mon, 03 Apr 1989 00:00:00 +0530 Fri, 17 Dec 2010 17:51:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58199 Weighted deduction under section 35C applied to processing of hybrid seeds because hybrid seeds were treated as agricultural products, bringing such processing within the provision's scope. The deduction, however, was confined to expenditure actually incurred by the assessee for eligible goods, services, facilities, or dissemination of agricultural information; amounts recovered from growers, including inspection costs embedded in seed charges, had to be excluded after proper factual scrutiny. Central subsidy was not required to be deducted from the value of assets for depreciation and development rebate, following existing Tribunal authority. Case-Laws Income Tax Mon, 03 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58199