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1994 (3) TMI 75 - HIMACHAL PRADESH HIGH COURTExtract: .......t was held that the actual cost of assets cannot be reduced by the amount of subsidy received and section 43(1) of the Act would be inapplicable. It is not in dispute that this decision would govern this reference as well. We, therefore, answer this question, referred to us, in the affirmative and against the Revenue. There is no order as to costs.
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