https://www.taxtmi.com/news?id=1271 Determination of whether premises qualify as a hotel building depends on factual indicators such as receipts, staffing and the depreciation rate claimed; a licence alone does not convert an asset into a hotel for tax purposes, and classification into a separate block of assets requires actual use consistent with the higher depreciation regime. en-us Wed, 03 Nov 2010 23:38:07 +0530 Wed, 03 Nov 2010 23:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1271 Determination of whether premises qualify as a hotel building depends on factual indicators such as receipts, staffing and the depreciation rate claimed; a licence alone does not convert an asset into a hotel for tax purposes, and classification into a separate block of assets requires actual use consistent with the higher depreciation regime. News - Wed, 03 Nov 2010 23:38:07 +0530 https://www.taxtmi.com/news?id=1271