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Recovery of Cost

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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.
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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.
No favours to any VIP: IESCO by The Frontier Star (Northwest Frontier Province, Pakistan)
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.
Saddlers in police cost warning by Birmingham Mail (England)
If you want to avoid this, then you need to make sure that your contract provides an adjudication clause that allows the adjudicator to make an award that includes the recovery of costs.
Resolving disputes: what is your best option? by The Journal (Newcastle, England)
 
 
 
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