Recovery of Cost

Recovery of Cost

The amount that was paid for income received--usually a factor only in income from sales of items purchased for resale, income from sales of property, and income from pensions or annuities. The portion of income that represents recovery of cost is not taxable.
References in periodicals archive ?
While responding to the published news item on 23rd May 2009 in certain section of the media in which it was claimed that IESCO had installed new connections to some farm-houses of Chak-Shahzad under tariff D-2 (1) besides installation of material, particularly the transformer, without recovery of cost.
It said: "Market recovery of cost increases, particularly in the middle ground, has been difficult in the short term.
For tax purposes, the outright purchase of computer hardware will (almost always) require capitalization and recovery of cost through depreciation deductions.
The filing also includes a proposal for a multi-year rate plan, which would provide for the recovery of costs associated with operational and safety-related improvements and upgrades Unitil is making to its gas distribution system in New Hampshire over the next several years.
Tenders are invited for To provide consulting services includes the economic, environmental and cost recovery issues raised by ever source in its filing will be addressed by the commission only if it rules in the affirmative on the question of legal authority, bidders should be aware that the recovery of costs related to the services requested below is expressly conditioned on such affirmative ruling.
Recovery of costs on the Maritime Link project from customers remains subject to regulatory approval in Nova Scotia.
As the prevailing party in the initial case, Google was able to seek recovery of costs.
Khare-- former Chief Justices of India-- to resolve the dispute between the Centre and Mukesh Ambani's Reliance Industries Ltd ( RIL) over recovery of costs on development of the natural gas field in the Krishna- Godavari ( KG) Basin.
Ford is seeking the recovery of costs incurred by Ford in connection with certain parts that did not meet Ford's quality standards or those of our customers.
The filing is for the recovery of costs associated with fuel and purchased power.
TSA lines have further recommended full recovery of costs for other equipment sizes and improved collection of floating bunker and inland fuel charges as well as Panama Canal, Alameda Corridor, and other fixed accessorial charges.
He claims that West Midlands Police were one of the forces being used to see how far they can get to achieving that aim and added: "By full recovery of costs, we mean that the police want to charge clubs for football-related incidents outside stadiums, such as public highways, in town centres and on trains and so on.