https://www.taxtmi.com/caselaws?id=20652 The High Court held that the amount spent to acquire the right to use a railway siding constituted a capital asset under section 80J. Although the assessee did not own the railway siding, the acquired interest was deemed valuable and not depreciable. Consequently, the court allowed the inclusion of the sum in the capital computation but denied the claim for development rebate and depreciation due to the lack of ownership of the asset. en-us Thu, 09 Jul 1992 00:00:00 +0530 Mon, 16 Nov 2009 13:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20652 The High Court held that the amount spent to acquire the right to use a railway siding constituted a capital asset under section 80J. Although the assessee did not own the railway siding, the acquired interest was deemed valuable and not depreciable. Consequently, the court allowed the inclusion of the sum in the capital computation but denied the claim for development rebate and depreciation due to the lack of ownership of the asset. Case-Laws Income Tax Thu, 09 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20652