https://www.taxtmi.com/caselaws?id=203310 The Tribunal upheld the classification of electric installations, air conditioners, and electric fans in a mill building as part of the plant and machinery, warranting a 25% depreciation rate. The decision was based on the assets' contribution to business efficiency and aligned with a Supreme Court ruling interpreting "plant" broadly. The appeals challenging the higher depreciation rate were dismissed, affirming the assets' inclusion in the plant category for depreciation purposes. en-us Tue, 05 Apr 2011 00:00:00 +0530 Wed, 18 May 2011 09:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203310 The Tribunal upheld the classification of electric installations, air conditioners, and electric fans in a mill building as part of the plant and machinery, warranting a 25% depreciation rate. The decision was based on the assets' contribution to business efficiency and aligned with a Supreme Court ruling interpreting "plant" broadly. The appeals challenging the higher depreciation rate were dismissed, affirming the assets' inclusion in the plant category for depreciation purposes. Case-Laws Income Tax Tue, 05 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203310