https://www.taxtmi.com/caselaws?id=40258 Interest receipts and hire charges arising during project set-up were treated as capital receipts reducing capital cost, following earlier precedent. Work-in-progress was also taken as opening capital for computing relief under section 80J of the Income-tax Act, 1961, again in line with binding authority. The generating station building, being specially designed as an integral part of the generating system and serving a special engineering function, was treated as plant and qualified for investment allowance. On all three questions, the assessee prevailed and the appeal failed in full. en-us Thu, 27 Jul 2000 00:00:00 +0530 Thu, 13 Feb 2025 12:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40258 Interest receipts and hire charges arising during project set-up were treated as capital receipts reducing capital cost, following earlier precedent. Work-in-progress was also taken as opening capital for computing relief under section 80J of the Income-tax Act, 1961, again in line with binding authority. The generating station building, being specially designed as an integral part of the generating system and serving a special engineering function, was treated as plant and qualified for investment allowance. On all three questions, the assessee prevailed and the appeal failed in full. Case-Laws Income Tax Thu, 27 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40258