https://www.taxtmi.com/caselaws?id=173068 The Court ruled in favor of the Revenue, concluding that the hotel building and various fittings like sanitary and electric fittings should not be considered part of the plant for depreciation calculation. The Tribunal's decision to treat these assets as part of the plant was deemed erroneous based on precedents indicating that buildings used as hotels and certain fittings do not qualify for depreciation under the category of 'plant'. As a result, the Court sided with the Revenue, rejecting the assessee's claim for depreciation on these assets. en-us Wed, 07 Apr 2004 00:00:00 +0530 Tue, 08 Sep 2015 15:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173068 The Court ruled in favor of the Revenue, concluding that the hotel building and various fittings like sanitary and electric fittings should not be considered part of the plant for depreciation calculation. The Tribunal's decision to treat these assets as part of the plant was deemed erroneous based on precedents indicating that buildings used as hotels and certain fittings do not qualify for depreciation under the category of 'plant'. As a result, the Court sided with the Revenue, rejecting the assessee's claim for depreciation on these assets. Case-Laws Income Tax Wed, 07 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173068