Depreciation rate for cement manufacturing and packaging plant referred as a question of law for High Court determination.

Plant used in manufacturing cement and in packaging raised the question whether it qualified for depreciation at the higher rate of 15%. The Delhi High Court directed the Tribunal to state the case and refer this question of law, thereby enabling judicial determination of the depreciation rate applicable to such plant.

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Issues: Whether the Tribunal should be directed to state a case and refer the question whether plant used in manufacturing cement and in packaging thereof was entitled to depreciation at the higher rate of 15%.

Outcome: The Tribunal was directed to state the case and refer the question of law to the High Court.

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