https://www.taxtmi.com/caselaws?id=63142 The Tribunal partially allowed the appeals by accepting the assessee's claim for higher depreciation rates on the hotel building, considering it a plant essential for the hotel business. The Tribunal dismissed the claim for disallowed entertainment expenditures, applying relevant tax provisions retrospectively. The orders of the authorities below were set aside for the depreciation issue, directing the ITO to allow depreciation at the higher rates on the hotel building. en-us Wed, 26 Feb 1986 00:00:00 +0530 Fri, 28 Jan 2011 10:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63142 The Tribunal partially allowed the appeals by accepting the assessee's claim for higher depreciation rates on the hotel building, considering it a plant essential for the hotel business. The Tribunal dismissed the claim for disallowed entertainment expenditures, applying relevant tax provisions retrospectively. The orders of the authorities below were set aside for the depreciation issue, directing the ITO to allow depreciation at the higher rates on the hotel building. Case-Laws Income Tax Wed, 26 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63142