https://www.taxtmi.com/caselaws?id=29257 Amount received on takeover of an electricity undertaking was treated as part of the statutory price scheme for income-tax purposes, falling within the Explanation below section 32(1)(iii) and the expression "money payable" in section 41(2). The computation of written down value was also upheld where the assessing authority had excluded consumers' contributions only to the extent reflected in the assessment working, and the record did not support the Tribunal's alternative view. Both questions were answered against the assessee and the Revenue's computation was sustained. en-us Tue, 20 Jul 1982 00:00:00 +0530 Thu, 11 Mar 2010 16:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29257 Amount received on takeover of an electricity undertaking was treated as part of the statutory price scheme for income-tax purposes, falling within the Explanation below section 32(1)(iii) and the expression "money payable" in section 41(2). The computation of written down value was also upheld where the assessing authority had excluded consumers' contributions only to the extent reflected in the assessment working, and the record did not support the Tribunal's alternative view. Both questions were answered against the assessee and the Revenue's computation was sustained. Case-Laws Income Tax Tue, 20 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29257