Replacement Cost - Judgment Search Results

Durairaj Mills Ltd. Vs. Deputy Cit

Court: Chennai

Reported in: (2001)72TTJ(Mad)799

..... way of installation of one spinning frame is not directly related to the aforesaid replacement the disallowance being replacement cost of combers which is in the nature of revenue expenditure is not in ..... per cent depreciation and not any allowance by way of revenue expenditure the provision allowing replacement cost of machinery as revenue expenditure had been totally removed effective from 1 4 1970 .....

National Engineering Industries Ltd. Vs. Its Workmen

Court: Supreme Court of India

Reported in: [1968(16)FLR342]; (1968)ILLJ816SC; [1968]1SCR779

..... also to a degree a matter of conjecture however the entire process of ascertaining replacement cost is hypothetical depending largely on expert evidence it would appear therefore that whenever ..... to be worked out the multipliers and the cost of replacement of old machinery would be as follows year old machinery replacement cost multiplierestimated cost to proved by quotationsthe seller if he disputed .....

Delhi Electricity Regulatory Commission Vs. Bses Yamuna Power Limited ...

Court: Supreme Court of India

Reported in: JT2007(8)SC409; 2007(3)SCALE289; (2007)3SCC33

..... source of funding not for the current year but for replacement cost according to the principles of auditing by f r m ..... capital intact however that model of original cost had to be replaced by the concept of replacement cost in recent years owing to the ..... lieu of depreciation a provision for renewals based on estimated replacement costs it is therefore suggested that in revising the formula the .....

Additional Commissioner of Income-tax, Gujarat Vs. Desai Bros.

Court: Gujarat

Reported in: [1977]108ITR14(Guj)

..... was being used in its business the assessee claimed the said replacement cost of rs 9 300 as expenses for current repairs and in ..... a part of the same viz the engine the cost of the replacement is only cost of repairs to machinery and hence allowable under section ..... upheld this claim of the assessee as he found that the cost of replacement of unserviceable petrol engine of the assessee s truck by the .....

Workmen of Hindustan Motors Ltd. Vs. Hindustan Motors, Ltd. and anr.

Court: Supreme Court of India

Reported in: AIR1968SC963; [1968(16)FLR450]; (1969)ILLJ523SC; [1968]2SCR311

..... when working out the divisor ii the calculation of the multiplier for arriving at the replacement cost of the old machinery which requires rehabilitation and iii the deductions which should be made ..... are to be deducted they must be incorporated in the accounts against the replacement cost of those items which required replacement earliest in time it is obvious that if funds in the form of .....

United States Vs. John J. FelIn and Co., Inc.

Court: US Supreme Court

..... best key to value at the time of taking original cost and replacement cost yield to it only because of that factor but ..... the usually accepted standard of value the relevance of original cost and replacement cost even in this situation cannot seriously be denied in ..... whether normally admissible or not footnote 2 3 the replacement cost of perishable articles then subject to price control bought .....

United Rys. and Elec. Co. Vs. West

Court: US Supreme Court

..... view depreciation should be based on replacement cost rather than actual cost the replacement theory substitutes for something certain and definite the actual cost a cost of reproduction which is highly speculative ..... during the present prolonged period of high prices and diminishing replacement costs tend to offset the higher cost of replacing articles purchased in periods of lower prices i think .....

Powergrid Corporation of India Limited, Haryana Vs. Central Electricit ...

Court: Appellate Tribunal for Electricity APTEL

..... the damaged transformers by transformers diverted from other sub stations ii whether the replacement cost of the damaged transformer can be met out of the insurance fund reserve of the ..... covers damages to the equipment because of fire without any exception thus the net cost on account of replacement of damaged transformer has to be financed out of the insurance fund reserve .....

Burrakur Coal Co. Ltd. Vs. Commissioner of Income-tax

Court: Kolkata

Reported in: [1982]135ITR804(Cal)

..... by way of depreciation has been granted with reference to the replaced cost i have given careful consideration to the various submissions made by ..... been allowed on those assets and it was immaterial if the replacement cost had been allowed in respect of some of those assets the ..... of the capital assets had not been reimbursed by way of replacement costs he also agreed with the ito that these assets were .....

Workers of Mysore Kirloskar Ltd. Vs. Mysore Kirloskar Ltd.

Court: Karnataka

Reported in: (1959)ILLJ329Kant

..... and 4 metallurgical laboratory ason 30 june 1955 46 98 341 replacement cost rs 46 98 341 x 2 7 1 26 85 520 ..... age of the machinery the period during which it requires replacement the cost of replacement the amounts standing in the depreciation and reserve funds and ..... the plant to be renewed its expected future life and the cost of replacements are questions of fact which must be proved to the .....