https://www.taxtmi.com/caselaws?id=168658 Depreciation and development rebate were allowed on the full cost of service lines where consumers had contributed part of the construction cost, because the allowance under the Indian Income-tax Act, 1922 turns on the actual cost to the assessee. The service lines belonged wholly to the assessee, and the consumers acquired no proprietary right in any part of them. Accordingly, consumer contributions did not change the character of the expenditure as cost incurred for the assessee's asset, and the entire service line qualified for depreciation and development rebate in the assessee's favour. en-us Thu, 06 Aug 1964 00:00:00 +0530 Thu, 19 Mar 2015 17:16:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168658 Depreciation and development rebate were allowed on the full cost of service lines where consumers had contributed part of the construction cost, because the allowance under the Indian Income-tax Act, 1922 turns on the actual cost to the assessee. The service lines belonged wholly to the assessee, and the consumers acquired no proprietary right in any part of them. Accordingly, consumer contributions did not change the character of the expenditure as cost incurred for the assessee's asset, and the entire service line qualified for depreciation and development rebate in the assessee's favour. Case-Laws Income Tax Thu, 06 Aug 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168658