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<h1>Kerala High Court: 'Studio' Classification for Depreciation</h1> <h3>Commissioner Of Income-Tax Versus M. Mani</h3> Commissioner Of Income-Tax Versus M. Mani - [1998] 231 ITR 950 The High Court of Kerala directed the Tribunal to refer the question of whether a 'studio' qualifies as a 'plant' for depreciation under the IT Act, 1961. The application under section 256(2) was allowed. (Case citation: 1998 (1) TMI 66 - KERALA High Court)