https://www.taxtmi.com/caselaws?id=71476 The Tribunal held that theatre buildings used for cinema exhibition purposes were not considered 'plant' for depreciation allowance under section 40(3)(vi) of the Finance Act, 1983. The amendment introduced in 1989 was deemed prospective, impacting the assessment year 1989-90. The appellant's appeal for exemption under the provision was dismissed, upholding the inclusion of the theatre building in wealth-tax assessment. en-us Wed, 03 Feb 1993 00:00:00 +0530 Mon, 25 Apr 2011 10:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71476 The Tribunal held that theatre buildings used for cinema exhibition purposes were not considered 'plant' for depreciation allowance under section 40(3)(vi) of the Finance Act, 1983. The amendment introduced in 1989 was deemed prospective, impacting the assessment year 1989-90. The appellant's appeal for exemption under the provision was dismissed, upholding the inclusion of the theatre building in wealth-tax assessment. Case-Laws Wealth-tax Wed, 03 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71476