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1999 (7) TMI 62 - HC - Income TaxExtract: .......t and machinery. Therefore, the Central subsidy cannot be deducted from the total cost of the asset for computing the investment allowance. In this view of the matter, we answer the question referred to us in the affirmative, i.e., in favour of the assessee and against the Revenue. Reference stands disposed of accordingly with no order as to costs.
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