https://www.taxtmi.com/caselaws?id=65650 The Tribunal upheld the Assessing Officer's decision to deny higher depreciation on the flour mill building, applying a 10% depreciation rate applicable to factory buildings. The judgment emphasized the functional test and established precedents to determine the eligibility for higher depreciation rates, highlighting the importance of distinguishing between buildings and plant machinery/equipment in assessing depreciation claims within the framework of the Income-tax Act. en-us Thu, 30 May 2002 00:00:00 +0530 Fri, 18 Feb 2011 11:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65650 The Tribunal upheld the Assessing Officer's decision to deny higher depreciation on the flour mill building, applying a 10% depreciation rate applicable to factory buildings. The judgment emphasized the functional test and established precedents to determine the eligibility for higher depreciation rates, highlighting the importance of distinguishing between buildings and plant machinery/equipment in assessing depreciation claims within the framework of the Income-tax Act. Case-Laws Income Tax Thu, 30 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65650