Beruflich Dokumente
Kultur Dokumente
of Self Generating
Assets
w.r.t
B.C Srinivas Shetty
Case
Capital Gains
= CAPITAL GAIN
Meaning of a Self
Generated Asset
The financial accounting termselfconstructed assetsrefer to those
built by the company and appearing
on its balance sheet. The cost
ofself-constructed assetswould
include direct costs such as materials
and labor associated with its
construction.
POINTS TO BE NOTED:
In view of the amendment in section
55,the above judgment will not apply
to the sale of
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