https://www.taxtmi.com/caselaws?id=70029 The Tribunal ruled in favor of the assessee, a private limited company operating a hotel with restaurants and a swimming pool, allowing the claim for investment allowance under section 32A. It held that the restaurants were independent entities and not merely adjuncts to the hotel, qualifying for the investment allowance. Additionally, the Tribunal upheld the grant of depreciation on the hotel building as a 'plant' and approved the assessee's claim for extra depreciation on the building, emphasizing that the term 'premises' extended beyond the building itself. The appeals of the revenue were dismissed, affirming the decisions of the CIT(Appeals) on depreciation treatment. en-us Thu, 30 Jul 1992 00:00:00 +0530 Wed, 13 Apr 2011 15:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70029 The Tribunal ruled in favor of the assessee, a private limited company operating a hotel with restaurants and a swimming pool, allowing the claim for investment allowance under section 32A. It held that the restaurants were independent entities and not merely adjuncts to the hotel, qualifying for the investment allowance. Additionally, the Tribunal upheld the grant of depreciation on the hotel building as a 'plant' and approved the assessee's claim for extra depreciation on the building, emphasizing that the term 'premises' extended beyond the building itself. The appeals of the revenue were dismissed, affirming the decisions of the CIT(Appeals) on depreciation treatment. Case-Laws Income Tax Thu, 30 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70029