Un-necessary litigation by revenue- depreciation:COLD STORAGE BUILDING IS INTEGRAL PART OF ‘COLD STORAGE PLANT’ AND IS ELIGIBLE FOR DEPRECIAITON BASED ON PLANT AND NOT AS BUILDING EVEN AFTER AMENDMENT IN MEANING OF PLANT.

Un-necessary litigation by revenue- depreciation:COLD STORAGE BUILDING IS INTEGRAL PART OF ‘COLD STORAGE PLANT’ AND IS ELIGIBLE FOR DEPRECIAITON BASED ON PLANT AND NOT AS BUILDING EVEN AFTER AMENDMENT IN MEANING OF PLANT. https://www.taxtmi.com/article/detailed?id=1441 Cold storage chambers and their thermocol linings that lack separate existence from cooling machinery constitute an integral plant and qualify for depreciation at the plant rate rather than as ordinary buildings; the section 43(3) amendment excluding "buildings" must be read contextually and does not displace the treatment of inseparable, specially constructed refrigeration structures as plant. en-us Tue, 27 Sep 2011 23:57:30 +0530 Tue, 27 Sep 2011 23:57:30 +0530 TaxTMI RSS Generator Un-necessary litigation by revenue- depreciation:COLD STORAGE BUILDING IS INTEGRAL PART OF ‘COLD STORAGE PLANT’ AND IS ELIGIBLE FOR DEPRECIAITON BASED ON PLANT AND NOT AS BUILDING EVEN AFTER AMENDMENT IN MEANING OF PLANT. https://www.taxtmi.com/article/detailed?id=1441 Cold storage chambers and their thermocol linings that lack separate existence from cooling machinery constitute an integral plant and qualify for depreciation at the plant rate rather than as ordinary buildings; the section 43(3) amendment excluding "buildings" must be read contextually and does not displace the treatment of inseparable, specially constructed refrigeration structures as plant. Articles Income Tax Tue, 27 Sep 2011 23:57:30 +0530 https://www.taxtmi.com/article/detailed?id=1441