Capitalization of Construction cost of Road
This query is : Resolved
31 March 2009
Dear Friends,
A company has constructed a Road on Govt land outside his factory premises for easy convyence of vehicle.
The Question here is whether cost of construction of Road can be capitalized or not.
Further depreciation can be claimed or not.
If u will provide any supporting section or law or rulling if available.
A company has constructed a Road on Govt land outside his factory premises for easy convyence of vehicle.
The Question here is whether cost of construction of Road can be capitalized or not.
Further depreciation can be claimed or not.
If u will provide any supporting section or law or rulling if available.
31 March 2009
Yes you can capitalize.
Their is a Similar Case Law, Can't able to Recall right now, but this is sure that it will be capitalize.
I believe Case Law is CIT Vs Udaipur Distillary Co. Ltd. (it was related to landscaping)
Their is a Similar Case Law, Can't able to Recall right now, but this is sure that it will be capitalize.
I believe Case Law is CIT Vs Udaipur Distillary Co. Ltd. (it was related to landscaping)
31 March 2009
i support mr. lokesh it can be capitalised
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