Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1995 (11) TMI HC This
The High Court of Andhra Pradesh dismissed the income-tax case regarding the treatment of capital subsidy as actual cost of assets. The court held that the subsidy was not intended to meet the cost of assets based on previous decision and rejected the reference application. The court found no basis to reconsider the decision despite new factual aspects presented. The case was dismissed with no costs.
|