https://www.taxtmi.com/caselaws?id=205613 The Court allowed the income tax appeal in favor of the assessee, setting aside the Tribunal's order. The appellant was granted the benefit of computing and claiming depreciation on the cooling chambers of the cold storage at the notified rate of 25% for the relevant assessment year. The Court held that the cold storage building, including insulated walls used as a freezing chamber, was part of the air conditioning plant and entitled to special depreciation. en-us Thu, 04 Aug 2011 00:00:00 +0530 Fri, 25 Jan 2013 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205613 The Court allowed the income tax appeal in favor of the assessee, setting aside the Tribunal's order. The appellant was granted the benefit of computing and claiming depreciation on the cooling chambers of the cold storage at the notified rate of 25% for the relevant assessment year. The Court held that the cold storage building, including insulated walls used as a freezing chamber, was part of the air conditioning plant and entitled to special depreciation. Case-Laws Income Tax Thu, 04 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205613