https://www.taxtmi.com/caselaws?id=22256 Expenditure incurred in bringing a factory asset into existence and into usable condition is treated as part of its actual cost. The text states that construction-related outlay was capitalised and allocated to the factory building, plant and machinery, and electric installations, so it formed part of the fixed asset base for depreciation. On the same principle, the amount was also regarded as relevant to relief under section 84 of the Income-tax Act, 1961. The operative point is that capital expenditure necessary to make the asset usable is includible in actual cost for depreciation and allied statutory reliefs. en-us Thu, 07 Sep 1989 00:00:00 +0530 Tue, 08 Dec 2009 14:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22256 Expenditure incurred in bringing a factory asset into existence and into usable condition is treated as part of its actual cost. The text states that construction-related outlay was capitalised and allocated to the factory building, plant and machinery, and electric installations, so it formed part of the fixed asset base for depreciation. On the same principle, the amount was also regarded as relevant to relief under section 84 of the Income-tax Act, 1961. The operative point is that capital expenditure necessary to make the asset usable is includible in actual cost for depreciation and allied statutory reliefs. Case-Laws Income Tax Thu, 07 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22256