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Capital Expenditure incurred for transfer of assets

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(Querist)
09 December 2009 Should Capital Expenditure incurred on transfer of assets from one location to another be capitalised??
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CS.Bhagwati charan

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CS.Bhagwati charan (Expert)
09 December 2009 EXPENDITURE IS CAPITALISED IF ASSET IS FIXED ASSET.
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Jag Bhushan Sharma

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Jag Bhushan Sharma (Expert)
10 December 2009 It is capital expenditure because the office must have been shifted to make the business more profitable. So all expenditure on dismantling, transporting and reerecting capital assets must be considered capital expenditure. Case reference is given below:
[1963] 49 ITR 160 (SC)

SUPREME COURT OF INDIA

Sitalpur Sugar Works Ltd.

v.

Commissioner of Income-tax

S.K. DAS, A.K. SARKAR AND M. HIDAYATULLAH, JJ.

CIVIL APPEAL NO. 350 OF 1962

APRIL 10, 1963
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