https://www.taxtmi.com/caselaws?id=15477 The court ruled in favor of the Revenue, disallowing the claim for depreciation and investment allowance on future interest payable on deferred payment liability. The judgment emphasized the application of Explanation 8 to section 43(1) in excluding such interest from the actual cost for tax purposes. en-us Mon, 09 Nov 1998 00:00:00 +0530 Thu, 06 Aug 2009 17:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15477 The court ruled in favor of the Revenue, disallowing the claim for depreciation and investment allowance on future interest payable on deferred payment liability. The judgment emphasized the application of Explanation 8 to section 43(1) in excluding such interest from the actual cost for tax purposes. Case-Laws Income Tax Mon, 09 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15477