https://www.taxtmi.com/caselaws?id=204835 The court held that poultry sheds are to be treated as buildings and not plants, as they serve as shelters for business activities. The decision concluded that poultry sheds do not qualify for higher depreciation rates applicable to plants. The court ruled in favor of the Revenue, stating that poultry sheds are entitled to depreciation rates as applicable to buildings only. The reference was answered in the negative in favor of the Revenue, and all appeals filed by the Revenue were allowed without costs. en-us Wed, 03 Nov 2010 00:00:00 +0530 Wed, 19 Dec 2012 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204835 The court held that poultry sheds are to be treated as buildings and not plants, as they serve as shelters for business activities. The decision concluded that poultry sheds do not qualify for higher depreciation rates applicable to plants. The court ruled in favor of the Revenue, stating that poultry sheds are entitled to depreciation rates as applicable to buildings only. The reference was answered in the negative in favor of the Revenue, and all appeals filed by the Revenue were allowed without costs. Case-Laws Income Tax Wed, 03 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204835