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1998 (11) TMI 59 - MADRAS HIGH COURTExtract: .......rt. We hold that the amount of interest could not be included in the actual cost for the purpose of depreciation and development rebate applying Explanation 8 to section 43(1) of the Income-tax Act, 1961. The view taken by the Tribunal is not justified. Accordingly, we answer the question in favour of the Revenue and against the assessee. No costs.
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