https://www.taxtmi.com/caselaws?id=23223 Pre-production expenditure capitalised as part of actual cost was treated as eligible for depreciation allowance and development rebate, applying the governing principle that such expenditure enters the asset's actual cost for tax purposes. The reference was answered in favour of the assessee on that point. The court also clarified that the figures set out in the reference question were incorrect, and that the figures recorded in the Tribunal's statement of case were the correct and binding figures for the reference. en-us Wed, 22 Feb 1989 00:00:00 +0530 Thu, 17 Dec 2009 16:22:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23223 Pre-production expenditure capitalised as part of actual cost was treated as eligible for depreciation allowance and development rebate, applying the governing principle that such expenditure enters the asset's actual cost for tax purposes. The reference was answered in favour of the assessee on that point. The court also clarified that the figures set out in the reference question were incorrect, and that the figures recorded in the Tribunal's statement of case were the correct and binding figures for the reference. Case-Laws Income Tax Wed, 22 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23223