There was unabsorbed depreciation and development rebate which were also required to be adjusted against this profit. The unabsorbed depreciation ... Thus, the total of this unabsorbed depreciation and development rebate came to Rs. 4,83,343.
7. The Additional Commissioner of Income-tax having come
entitled to capitalise it and claim depreciation and development rebate thereon. In the opinion of the Additional Commissioner of Income-tax the amount of interest ... being the additional amount of interest paid due to devaluation of rupee is a capital expenditure on which depreciation is admissible and is not revenue
The M.P. Water (Prevention and Control of Pollution) Rules, 1975
MADHYA PRADESH
India
The
imposes obligation on the Board to make a
credit to the depreciation reserve in the prescribed manner.
[46 A-C].
The assessment by the Tribunal ... applied to the Board while analysing the capacity to bear
the additional burden is rather a difficult question. We do
not express any view
Other deposits
Additions during the year.
Total.......
D-Amount due:
Less depreciation during the year
(i) Purchase
(ii) Other
Total........
E-Excess of income over ... Vehicles as per last balance sheet
(i) Up to 31st March, 19 .
Additional during the year.
(ii) Add for the year ....
Total........
(iii) Deduct Excess
Other deposits
Additions during the year.
Total.......
D-Amount due:
Less depreciation during the year
(i) Purchase
(ii) Other
Total........
E-Excess of income over ... Vehicles as per last balance sheet
(i) Up to 31st March, 19 .
Additional during the year.
(ii) Add for the year ....
Total........
(iii) Deduct Excess
company was set apart for meeting depreciation of the fixed assets and this depreciation fund was added to year after year and was shown ... depreciation but having done so, it was bound by its own act. If the company is not obliged to show depreciation in its balance-sheet
their production capacity.
10. Preventing and restricting the manufacturers from selling their additional production arising out of the enhanced capacity to a party other than ... Reserving right for purchase of moulds after their cost has been depreciated.
16. Binding the manufacturers to sell all the moulds to the respondent
cost referred to in item (i) above as reduced by depreciation calculated at the same rate for item (ii) above in such manner ... insured, there shall be paid to the owner an additional amount equal to the cost of making good the damage or, in the case
Kalyanji Mavji & Co vs C.I.T., West Bengal-Ii on 10 December, 1975
