https://www.taxtmi.com/forum/issue?id=1545 Trees, shrubs and perennial crops that are durable, deliberately cultivated and used as apparatus in production or service activities qualify as depreciable plant and are eligible for depreciation and related allowances; tea bushes were previously treated as plant by judicial test but have been expressly excluded by statutory amendment, while other such botanical assets remain within the meaning of plant, raising practical issues of capitalization and cost assessment. en-us Thu, 15 Oct 2009 20:03:23 +0530 Thu, 23 Jan 2025 15:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1545 Trees, shrubs and perennial crops that are durable, deliberately cultivated and used as apparatus in production or service activities qualify as depreciable plant and are eligible for depreciation and related allowances; tea bushes were previously treated as plant by judicial test but have been expressly excluded by statutory amendment, while other such botanical assets remain within the meaning of plant, raising practical issues of capitalization and cost assessment. Discussion-Forum Income Tax Thu, 15 Oct 2009 20:03:23 +0530 https://www.taxtmi.com/forum/issue?id=1545