High Court directs Income-tax Appellate Tribunal on cold storage depreciation eligibility

The High Court of Allahabad directed the Income-tax Appellate Tribunal to refer the question of law regarding the eligibility of a cold storage building for depreciation at 15 per cent under section 256(2) of the Income-tax Act, 1961.

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The High Court of Allahabad heard an application under section 256(2) of the Income-tax Act, 1961. The court directed the Income-tax Appellate Tribunal to refer the question of law regarding the eligibility of a cold storage building for depreciation at 15 per cent.

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