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<h1>Supreme Court: Theatre Building Not a Plant for Depreciation</h1> The Supreme Court allowed the civil appeal, overturning the High Court's decision that classified a theatre building as a plant for higher depreciation ... Whether, the theatre building can be considered as a plant - Whether, on the facts and in the circumstances of the case, the assessee is entitled to higher rate of depreciation on the theatre - Held, no The Supreme Court allowed the civil appeal, setting aside the High Court's order in favor of the assessee regarding the classification of a theatre building as a plant and entitlement to higher depreciation rates. The questions were answered in the negative and in favor of the Revenue. No costs were awarded.