JUDGMENT S.P. Bharucha, C.J.—This is a reference at the instance of the Revenue relating to the assessment year 1982-83. 2. The question that we are required to answer reads thus : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in confirming the orders of the Commissioner of Income Tax (Appeals) who directed the Income Tax Officer not to deduct the value of the Central subsidy received from the Central Government from the cost of the assets for the purpose of allowing depreciation ?" 3. Learned counsel are agreed that the question must be answered in the affirmative and in favour of the assessee in the light of this court's judgment in Commissioner of Income Tax Vs. Diamond Dies Manufacturing Corporation Ltd., (1988) 172 ITR 655 KAR The question is so answered.