https://www.taxtmi.com/caselaws?id=343816 Customs duty paid after conversion of an export-oriented unit into a domestic tariff area unit was treated as attributable to the plant and machinery cost, so the payment was held to be capital in nature for the asset-cost computation and the assessee's alternative claim was accepted. On that basis, depreciation was allowed on the actual cost of the plant and machinery including the subsequently paid duty, applying the statutory definition of actual cost. The Tribunal also correctly applied Rule 27, permitting the respondent to support the appellate order on a ground decided against it without filing a cross-objection. No substantial question of law survived. en-us Wed, 31 May 2017 00:00:00 +0530 Tue, 26 Sep 2017 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343816 Customs duty paid after conversion of an export-oriented unit into a domestic tariff area unit was treated as attributable to the plant and machinery cost, so the payment was held to be capital in nature for the asset-cost computation and the assessee's alternative claim was accepted. On that basis, depreciation was allowed on the actual cost of the plant and machinery including the subsequently paid duty, applying the statutory definition of actual cost. The Tribunal also correctly applied Rule 27, permitting the respondent to support the appellate order on a ground decided against it without filing a cross-objection. No substantial question of law survived. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343816