https://www.taxtmi.com/caselaws?id=37563 The court ruled in favor of the assessee, allowing the claim for depreciation and development rebate on the amount paid for acquiring the right to install additional spindles. The court held that the expenditure to acquire the right was essential for the extension and should be considered part of the asset's cost. Citing precedent, the court emphasized that all necessary expenses to create fixed assets must be included in the cost. Therefore, the assessee was entitled to claim depreciation and development rebate on the sum paid for acquiring the right to install additional spindles. en-us Tue, 13 Feb 1979 00:00:00 +0530 Tue, 30 Mar 2010 15:47:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37563 The court ruled in favor of the assessee, allowing the claim for depreciation and development rebate on the amount paid for acquiring the right to install additional spindles. The court held that the expenditure to acquire the right was essential for the extension and should be considered part of the asset's cost. Citing precedent, the court emphasized that all necessary expenses to create fixed assets must be included in the cost. Therefore, the assessee was entitled to claim depreciation and development rebate on the sum paid for acquiring the right to install additional spindles. Case-Laws Income Tax Tue, 13 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37563