COMMISSIONER OF INCOME TAX, HYD. vs. M/S. P.J. CHEMICALS LTD
In the result, we affirm the judgments of the High Courts which have
C.A. No.-002474-002474 - 1991Supreme Court14 Sept 1994
For Respondent: P.J. CHEMICALS LTD. ETC
Section 256Section 43(1)
condone the delays. In the special leave
petitions, we grant special leave. These are cases in which the High Courts
have held that subsidies granted to industries on a percentage of the
capital cost are not deductible from the "actual cost" under Section 43(1)
of the Act for purpose of calculation of depreciation etc.
2. The second batch consists
