https://www.taxtmi.com/caselaws?id=168572 For wear and tear allowance under Rule 6 of the Rules of Cases I and II of the Income Tax Act, 1918, "actual cost to the person" meant the expenditure actually incurred by the taxpayer on constructing or acquiring the plant or tramway track. Grants, reimbursements, or later recoupment from another source did not reduce that cost, because the phrase was concerned with the real cost to the trade owner rather than the ultimate source of funding. The allowance was therefore computed on the full expenditure incurred without deduction for subsequent contributions or grants. en-us Fri, 08 Mar 1935 00:00:00 +0530 Fri, 13 Mar 2015 11:46:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168572 For wear and tear allowance under Rule 6 of the Rules of Cases I and II of the Income Tax Act, 1918, "actual cost to the person" meant the expenditure actually incurred by the taxpayer on constructing or acquiring the plant or tramway track. Grants, reimbursements, or later recoupment from another source did not reduce that cost, because the phrase was concerned with the real cost to the trade owner rather than the ultimate source of funding. The allowance was therefore computed on the full expenditure incurred without deduction for subsequent contributions or grants. Case-Laws Income Tax Fri, 08 Mar 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168572