Court held that ;Customs duty paid could be capitalised with retrospective effect and depreciation was to be calculated by including the said amount. ( ITA No .250 of 2005 dt. 7-07-2017 ( AY.1999-2000)
CIT v. Maruti Udyog Ltd. (2018) 407 ITR 159 /( 2019) 308 CTR 682(Delhi) (HC)
S.32: Depreciation — Actual cost —Customs duty paid could be capitalised with retrospective effect and depreciation was to be calculated by including the said amount.[ S.43(1)]