https://www.taxtmi.com/caselaws?id=3376 The court ruled in favor of the assessee, allowing the expenditure on the power line for an independent feeder to be capitalized as part of plant and machinery. The court emphasized the need to include all necessary expenditure to bring assets into existence and put them in working condition, following precedents and the test from Atherton v. British Insulated and Helsby Cables Ltd. The expenditure was deemed necessary for commencing the business and of an enduring nature, qualifying as capital expenditure. en-us Fri, 15 Sep 2006 00:00:00 +0530 Sun, 06 Feb 2011 02:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3376 The court ruled in favor of the assessee, allowing the expenditure on the power line for an independent feeder to be capitalized as part of plant and machinery. The court emphasized the need to include all necessary expenditure to bring assets into existence and put them in working condition, following precedents and the test from Atherton v. British Insulated and Helsby Cables Ltd. The expenditure was deemed necessary for commencing the business and of an enduring nature, qualifying as capital expenditure. Case-Laws Income Tax Fri, 15 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3376