Meaning of actual cost.

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.... acquiring the asset if such interest is relatable to the period before the asset is put to use; B = the amount of additional duty leviable under section 3 of the Customs Tariff Act, 1975 or the amount of duty of excise, in respect of which a claim of credit has been made and allowed under the Central Excise Rules, 1944;     C= the amount of subsidy, grant or reimbursem....

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....nbsp; (b) the Assessing Officer is satisfied that the main purpose of the transfer of the assets, directly or indirectly to the person, was the reduction of a liability to income-tax (by claiming depreciation with reference to an enhanced cost).    (3) The actual cost of the business capital asset to the person shall be the deemed written down value, if —     ....

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....lue.    (5) Where a business capital asset is acquired by the person and subsequently it is transferred back to the transferor by way of lease, hire or otherwise, the actual cost of the asset in the hands of the person shall be the written down value of the asset in the hands of the transferor at the beginning of the financial year in which the acquisition of the asset by the person h....

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....nbsp; (b) deduction in respect of the cost of the asset has been allowed or is allowable under any of the aforesaid Schedules to any other person and the person has acquired or received the asset by any of the "special modes of acquisition".    (8) The Board may, for the purposes of determining the actual cost of a business capital asset, prescribe—      ....