https://www.taxtmi.com/caselaws?id=168659 For depreciation under the Indian Income-tax Act, actual cost is the full cost incurred in installing service connections, and consumer contributions do not reduce that cost; the expenditure is treated as capital expenditure because it creates an enduring asset for the electricity business. A question not raised before the appellate authority or tribunal cannot be answered in reference jurisdiction under Section 66(2), because it must arise out of the Tribunal's order. en-us Thu, 22 Apr 1954 00:00:00 +0530 Thu, 19 Mar 2015 17:28:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168659 For depreciation under the Indian Income-tax Act, actual cost is the full cost incurred in installing service connections, and consumer contributions do not reduce that cost; the expenditure is treated as capital expenditure because it creates an enduring asset for the electricity business. A question not raised before the appellate authority or tribunal cannot be answered in reference jurisdiction under Section 66(2), because it must arise out of the Tribunal's order. Case-Laws Income Tax Thu, 22 Apr 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168659