https://www.taxtmi.com/caselaws?id=39743 The court held in favor of the assessee, ruling that interest on borrowed capital until the completion of the plant should be included in the actual cost for claiming development rebate under the Income-tax Act, 1961. The decision aligned with interpretations from the Calcutta and Delhi High Courts, emphasizing that such interest forms part of the actual cost to the assessee. en-us Thu, 12 Sep 1974 00:00:00 +0530 Tue, 20 Apr 2010 10:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39743 The court held in favor of the assessee, ruling that interest on borrowed capital until the completion of the plant should be included in the actual cost for claiming development rebate under the Income-tax Act, 1961. The decision aligned with interpretations from the Calcutta and Delhi High Courts, emphasizing that such interest forms part of the actual cost to the assessee. Case-Laws Income Tax Thu, 12 Sep 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39743