https://www.taxtmi.com/caselaws?id=235894 The High Court upheld the depreciation claim on a nursing home building, treating it as plant and machinery due to the presence of scientific instruments for diagnosis and treatment. The Court emphasized the functional test and noted the Department's consistent approach in allowing depreciation on similar buildings in previous assessments. The decision was supported by Supreme Court judgments and dismissed the Revenue's argument against treating the building as plant and machinery, affirming the Tribunal's decision to allow depreciation at a higher rate of 25%. en-us Wed, 02 Jan 2013 00:00:00 +0530 Thu, 08 Aug 2013 10:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235894 The High Court upheld the depreciation claim on a nursing home building, treating it as plant and machinery due to the presence of scientific instruments for diagnosis and treatment. The Court emphasized the functional test and noted the Department's consistent approach in allowing depreciation on similar buildings in previous assessments. The decision was supported by Supreme Court judgments and dismissed the Revenue's argument against treating the building as plant and machinery, affirming the Tribunal's decision to allow depreciation at a higher rate of 25%. Case-Laws Income Tax Wed, 02 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235894