Court orders Tribunal to decide if hotel qualifies as "plant" for tax purposes

The High Court of Kerala directed the Income-tax Appellate Tribunal to refer the question of law regarding whether a hotel qualifies as "plant" for depreciation and investment allowance. The Tribunal is instructed to prepare a statement of the case for the court's opinion.

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The High Court of Kerala directed the Income-tax Appellate Tribunal to refer the question of law regarding whether a hotel run by the assessee qualifies as "plant" for depreciation and investment allowance, as there is a dispute on this issue. The Tribunal must draw up a statement of the case for the court's opinion.

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