1. "Whether, on the facts and in the circumstances of the case and on a correct interpretation of section 43(1) of the Income-tax Act, 1961, the Income-tax Appellate Tribunal is right in law in holding that central subsidy of Rs. 5,90,176 received by the assessee from the Government was not a contribution, directly or indirectly, towards the cost of plant and machinery and was, accordingly, not to be reduced from the cost thereof for working out admissible depreciation, investment allowance and deduction under section 80J?"
2. Z.S./703/T dismissed.