https://www.taxtmi.com/article/detailed?id=7059 The cost of plant and machinery for depreciation includes all expenditures necessary to put and keep the asset in working condition-purchase, transportation, installation, statutory levies for commissioning, foundations, electrification, essential spares and specially designed housing-while ordinary buildings do not qualify; for windmills this encompasses structural works, site preparation and ancillary installations. Prior determinations of cost within a block of assets should generally continue, and unsettled issues such as interest on borrowed funds for land acquisition have produced divergent tribunal views. en-us Fri, 04 Nov 2016 09:02:46 +0530 Wed, 11 Feb 2026 15:56:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7059 The cost of plant and machinery for depreciation includes all expenditures necessary to put and keep the asset in working condition-purchase, transportation, installation, statutory levies for commissioning, foundations, electrification, essential spares and specially designed housing-while ordinary buildings do not qualify; for windmills this encompasses structural works, site preparation and ancillary installations. Prior determinations of cost within a block of assets should generally continue, and unsettled issues such as interest on borrowed funds for land acquisition have produced divergent tribunal views. Articles Income Tax Fri, 04 Nov 2016 09:02:46 +0530 https://www.taxtmi.com/article/detailed?id=7059