Factory Roadways Classified as "Building" for Depreciation Purposes

The High Court of Bombay held that roadways within a factory premises are classified as "building" for depreciation, not as "plant." The decision, based on precedent, directs the Tribunal to permit depreciation on the roadways as "building."

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The High Court of Bombay ruled that roadways within a factory premises are considered as "building" for depreciation purposes, not as "plant." The judgment was delivered by Judges D. R. Dhanuka and T. D. Sugla. The decision was based on previous court rulings, including CIT v. Tata Oil Mills Co. Ltd. [1990] 182 ITR 130. The Tribunal was directed to allow depreciation on the roadways as "building."

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