https://www.taxtmi.com/caselaws?id=27773 The court ruled in favor of the Revenue and against the assessee, determining that "actual cost" and "actual cost of the assets to assessee" have distinct meanings under Section 43(1) of the Income-tax Act, 1961. Depreciation and development rebate should be calculated based on the cost of service connections reduced by consumer contributions. The court upheld the decisions of the Appellate Assistant Commissioner and the Tribunal, denying depreciation and development rebate on the gross cost of service connections. The Revenue authority was awarded a consolidated hearing fee of Rs. 250. en-us Tue, 16 Aug 1983 00:00:00 +0530 Tue, 16 Feb 2010 10:20:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27773 The court ruled in favor of the Revenue and against the assessee, determining that "actual cost" and "actual cost of the assets to assessee" have distinct meanings under Section 43(1) of the Income-tax Act, 1961. Depreciation and development rebate should be calculated based on the cost of service connections reduced by consumer contributions. The court upheld the decisions of the Appellate Assistant Commissioner and the Tribunal, denying depreciation and development rebate on the gross cost of service connections. The Revenue authority was awarded a consolidated hearing fee of Rs. 250. Case-Laws Income Tax Tue, 16 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27773