| Citation(s) |
|---|
| 1989 SLG 2499 1989 SLD 2499 (1989) 178 ITR 197 |
Punjab and Haryana High Court
V. RAMASWAMI, C.J. AND G.R. MAJITHIA, J.
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V. RAMASWAMI, C.J. AND G.R. MAJITHIA, J.
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Commissioner of Income Tax
v.
Bhatinda Chemicals & Banaspati Mills (P.) Ltd.
Law:
Section:
Section 43(1), read with section 256 of the Income-tax Act, 1961 - Actual cost - Whether no question of law arose out of Tribunal's order holding that central subsidy received by assessee from Government was not a contribution, directly or indirectly, towards cost of plant and machinery and was, accordingly, not to be reduced from cost thereof for working out admissible depreciation, investment allowance and deduction under section 80J - Held, yes Note: The decision was in favour of the assessee. L.K. Sood for the Applicant. S.S. Mahajan for the Respondent. JUDGMENT "Whether, on the facts and in the circumstances of the case and on…
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