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of <h1>Supreme Court Dismisses Appeals on Minimal Tax Effect, Leaves Legal Question Open</h1> The Supreme Court dismissed the appeals due to minimal tax effect, leaving the question of law open. - [2015] 373 ITR 637 (SC) Higher Depreciation on studio building - HC allowed assessee claim of depreciation holding that the assessee's studio would constitute plant in the hands of the assessee and consequently be entitled to depreciation at the rates applicable to plant and machinery - Held that:- Having regard to the fact that the tax effect is minimal, we refuse to interfere with these appeals. We, therefore, dismiss these appeals leaving the question of law open. - Decided against revenue. The Supreme Court refused to interfere with the appeals due to minimal tax effect and dismissed them, leaving the question of law open. (Case citation: 2015 (8) TMI 476 - SC)
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