https://www.taxtmi.com/caselaws?id=39357 The High Court upheld the Tribunal's decision that interest on deferred payments and additional interest due to currency devaluation should be considered as capital expenditure. The court emphasized that these interest payments were integral to acquiring the plant and machinery, allowing the assessee to capitalize them for depreciation and development rebate purposes. The Commissioner was directed to pay costs of the references to the assessee. en-us Thu, 09 Oct 1975 00:00:00 +0530 Fri, 16 Apr 2010 10:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39357 The High Court upheld the Tribunal's decision that interest on deferred payments and additional interest due to currency devaluation should be considered as capital expenditure. The court emphasized that these interest payments were integral to acquiring the plant and machinery, allowing the assessee to capitalize them for depreciation and development rebate purposes. The Commissioner was directed to pay costs of the references to the assessee. Case-Laws Income Tax Thu, 09 Oct 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39357