Karnataka H.C : Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the subsidy of Rs. 3,30,600 received from the Central Government for setting up industries in backward areas cannot be allocated towards any particular asset or assets and the assessee is entitled to depreciation on the cost of assets as claimed by it?
High Court Of Karnataka CIT vs. Diamond Dies Manufacturing Corporation Ltd. Section 43(1) Asst. Year 1977-78 S.A. Hakeem & S. […]