Capitalisation - Judgment Search Results

Core Health Care Ltd. Vs. Deputy Commissioner of Income Tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2001)70TTJ(Ahd.)490

..... has vehemently contended that interest for the pre production period has rightly been capitalised in accordance with the well recognised principle of accounting accounting standards and such ..... not expressly provide that interest for the pre production period should necessarily be capitalised the learned senior departmental representative while arguing that explanation 8 to section 43 .....

Core Health Care Ltd. Vs. Deputy Commissioner of

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

..... and telex expenses misc factory expenses lease rent charges insurance etc which were initially capitalised in the books of account by the assessee but subsequently claimed as deduction under ..... controversy relates to allowability of development rebate and depreciation on such amount of interest capitalised by the assessee the question relating to allowability of interest under section 36 1 .....

Core Health Care Ltd. Vs. Deputy Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

..... telex expenses miscellaneous factory expenses lease rent charges insurance etc which were initially capitalised in the books of accounts by the assessee but subsequently claimed as deduction ..... representative has vehemently contended that interest for the pre production period has rightly been capitalised in accordance with the well recognised principle of accounting accounting standards and such .....

U.P. Power Corporation Ltd. Vs. N.T.P.C. Ltd. and Central

Court: Appellate Tribunal for Electricity APTEL

Reported in: (2007)LCAPTEL1296

..... incurred on procurement of new items infrastructure facilities and miscellaneous items like with no de capitalisation of the old assets there are certain other assets which have been replaced without corresponding ..... such expenditure on certain assets which have been replaced is only allowed after corresponding de capitalisation but on the other hand allows the said expenditure on the ground that the .....

Deputy Commissioner of Income-tax Vs. Core Healthcare Ltd.

Court: Gujarat

Reported in: (2001)169CTR(Guj)416; [2001]251ITR61(Guj)

..... supported by some court decisions had resorted to a major change in accounting practice by capitalising the interest paid or payable in connection with acquisition of an asset relatable to the ..... in the said provision is capital borrowed therefore the distinction about the interest having been capitalised or not loses its significance inasmuch as if the capital is borrowed for the purposes .....

Sivakami Mills Ltd. Vs. Commissioner of Income-tax

Court: Chennai

Reported in: (1980)14CTR(Mad)277; [1979]120ITR211(Mad)

..... connected with the inspection and supervision of the machinery purchased was liable to be capitalised and depreciation and development rebate granted the expenses incurred in sending engineers for learning ..... of constructing and erecting its plant the interest incurred before production commences may be capitalised interest incurred means actual interest paid or payable in respect of borrowings which .....

Ntpc Limited Vs. West Bengal State Electricity

Court: Central Electricity Regulatory Commission CERC

..... servicing the loans already recovered through depreciation recovered 14 in the above circumstances de capitalisation of assets should not have any impact on cumulative repayment of loan recovered therefore ..... the petitioner while the benefit of reduction in the liabilities by way of de capitalisation has accrued to the respondent beneficiaries retrospective reduction in the fixed charges will .....

inspecting Assistant Vs. Srikrishan Khanna

Court: Income Tax Appellate Tribunal ITAT Delhi

Reported in: (1994)48ITD1(Delhi)

..... representative was that the value of the property under consideration should be determined on rent capitalisation method and for that purpose the municipal valuation fixed by amritsar municipal corporation of ..... the fair market value of the factory premises and building should be determined by rent capitalisation method with reference to the municipal valuation and ignoring the valuation made by the .....

United Phosphorus Ltd. Vs. Joint Commissioner of Income-tax

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2002)81ITD553(Ahd.)

..... reference application on the question whether interest on amounts borrowed for establishing a new unit capitalised but still claimed as a revenue expenditure in the relevant assessment year could be allowed ..... interest pertaining to jhagadia unit and agreed with the assessing officer that it should be capitalised he however directed the assessing officer to allow deduction in respect of the balance .....

United Phosphorus Limited Vs. Joint Cit

Court: Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in: (2001)73TTJ(Ahd.)404

..... reference application on the question whether interest on amounts borrowed for establishing a new unit capitalised but still claimed as a revenue expenditure in the relevant assessment year could be ..... 351 respectively the learned commissioner appeals confirmed the action of the assessing officer to capitalise part of the travelling expenses and salary and wages expenses pertaining to jhagadia unit .....