https://www.taxtmi.com/caselaws?id=66596 The appeal was allowed in part, with the Tribunal ruling that the amount received by the assessee was not to be considered as reimbursement but as compensation for losses incurred. The Tribunal determined that only a portion of the received sum related to reimbursement of expenditure incurred prior to business setup, leading to a reduction in the capital cost for depreciation calculation purposes. The revenue's contention was rejected, and the Income Tax Officer was directed to recompute the actual cost for further proceedings. en-us Thu, 27 Jun 1985 00:00:00 +0530 Sat, 05 Mar 2011 10:32:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66596 The appeal was allowed in part, with the Tribunal ruling that the amount received by the assessee was not to be considered as reimbursement but as compensation for losses incurred. The Tribunal determined that only a portion of the received sum related to reimbursement of expenditure incurred prior to business setup, leading to a reduction in the capital cost for depreciation calculation purposes. The revenue's contention was rejected, and the Income Tax Officer was directed to recompute the actual cost for further proceedings. Case-Laws Income Tax Thu, 27 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66596