1989 (9) TMI 9

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....ance of the Revenue, reads thus : "Whether, on the facts and circumstances of the case, a sum of Rs. 89,900 should be allowed to be capitalised and should be treated as part of the 'actual cost' of the factory building, plant and machinery and electric installation for the purpose of allowing depreciation and relief under section 84 to the assessee for the accounting period relevant to the asse....

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....wed thereon. The Income-tax Officer and the Appellate Assistant Commissioner rejected the assessee's contention. The Tribunal allowed the second appeal by the assessee before it. It held that the amount of Rs. 89,900 had to be taken as part of the cost ofthe fixed assets of the assessee and should be taken into account for the purpose of capital computation. Counsel have fairly stated that the ....