https://www.taxtmi.com/caselaws?id=268818 The tribunal upheld the lower depreciation rates for clean rooms and related installations, classifying them as building and furniture expenses rather than plant and machinery additions. The tribunal found the exclusion of buildings and furniture from the definition of plant post-amendment to be clear and unambiguous, rejecting the assessee's argument for higher depreciation rates. The appeal was dismissed, affirming the lower depreciation rates for buildings and furniture. en-us Wed, 01 Apr 2015 00:00:00 +0530 Thu, 03 Dec 2015 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268818 The tribunal upheld the lower depreciation rates for clean rooms and related installations, classifying them as building and furniture expenses rather than plant and machinery additions. The tribunal found the exclusion of buildings and furniture from the definition of plant post-amendment to be clear and unambiguous, rejecting the assessee's argument for higher depreciation rates. The appeal was dismissed, affirming the lower depreciation rates for buildings and furniture. Case-Laws Income Tax Wed, 01 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268818