https://www.taxtmi.com/caselaws?id=8139 Development rebate was available on the cost of mains, service lines and switch gears, following earlier Supreme Court authority on the point, so the claim on that asset cost was upheld against the revenue. On computation, the governing term was "actual cost": reimbursements received from consumers did not reduce the assessee's actual cost because the full expenditure incurred on installation remained the relevant figure. Development rebate was therefore admissible on the gross cost, and not only on the net amount after deducting consumer reimbursements. en-us Tue, 08 Sep 1970 00:00:00 +0530 Sat, 28 Mar 2009 19:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8139 Development rebate was available on the cost of mains, service lines and switch gears, following earlier Supreme Court authority on the point, so the claim on that asset cost was upheld against the revenue. On computation, the governing term was "actual cost": reimbursements received from consumers did not reduce the assessee's actual cost because the full expenditure incurred on installation remained the relevant figure. Development rebate was therefore admissible on the gross cost, and not only on the net amount after deducting consumer reimbursements. Case-Laws Income Tax Tue, 08 Sep 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8139