Theatres not considered plant for depreciation; High Court rules in favor of Revenue

The High Court of Madras held that a theatre building does not qualify as plant for depreciation, following precedent on a hotel building. The court ruled in favor of the Revenue over the assessee for the assessment years 1985-86 to 1987-88.

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The High Court of Madras ruled that a theatre building cannot be considered as plant for depreciation purposes, based on a previous judgment regarding a hotel building. The court sided with the Revenue against the assessee for the assessment years 1985-86 to 1987-88.

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