Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →


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<h1>ICDS V: Record Tangible Fixed Assets at Actual Cost, Including Purchase Price and Directly Attributable Expenses.</h1> Fixed assets under ICDS V related to tangible fixed assets should be recorded at their actual cost. This includes the purchase price, duties, taxes (excluding recoverable taxes), and any other directly attributable expenses necessary to make the asset ready for its intended use.
TaxTMI