https://www.taxtmi.com/article/detailed?id=202 Madras High Court treated the entire hotel complex, including ancillary counters and staff accommodation, as a single operational unit entitled to the higher depreciation category for buildings used as hotel. Removal of a specific hotel entry from the depreciation schedule after a later assessment year created uncertainty about whether hotel buildings fall within residential exclusions or general non residential rates, risking lower or contested depreciation claims. The author urges treating the hotel as a composite asset or as plant so buildings, furniture and equipment can be depreciated at appropriate business rates. en-us Fri, 17 Oct 2008 00:00:00 +0530 Fri, 17 Oct 2008 14:18:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=202 Madras High Court treated the entire hotel complex, including ancillary counters and staff accommodation, as a single operational unit entitled to the higher depreciation category for buildings used as hotel. Removal of a specific hotel entry from the depreciation schedule after a later assessment year created uncertainty about whether hotel buildings fall within residential exclusions or general non residential rates, risking lower or contested depreciation claims. The author urges treating the hotel as a composite asset or as plant so buildings, furniture and equipment can be depreciated at appropriate business rates. Articles Income Tax Fri, 17 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=202