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of <h1>Nursing Home Building Qualifies as 'Plant' for Depreciation</h1> <h3>Commissioner of Income-Tax Versus Dr. B. Venkata Rao</h3> The Supreme Court upheld the decision that a nursing home building can be considered a 'plant' for depreciation purposes if equipped for business ... Assessee, a medical practitioner runs a nursing home - in respect of the building in which the nursing home is run, the assessee claimed, for the assessment year 1983-84, that it was a 'plant' - held that assessee is entitled to depreciation at higher rate on the nursing home building on the ground that it is a 'plant' The Supreme Court upheld the decision that a nursing home building can be considered a 'plant' for depreciation purposes if equipped for business activities like treating patients. The functional test was applied, and the appeal was dismissed. (Case citation: 1999 (2) TMI 11)
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