https://www.taxtmi.com/caselaws?id=333334 The High Court held that electrical installations qualify as "Plant and Machinery" for depreciation under Section 32 of the Income Tax Act, in line with a Division Bench judgment and Supreme Court precedents. The Court ruled in favor of the assessee, upholding the treatment of electrical installations as depreciable assets, leading to the appeal being decided in favor of the assessee and against the Revenue. en-us Tue, 14 Jun 2016 00:00:00 +0530 Sun, 09 Oct 2016 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333334 The High Court held that electrical installations qualify as "Plant and Machinery" for depreciation under Section 32 of the Income Tax Act, in line with a Division Bench judgment and Supreme Court precedents. The Court ruled in favor of the assessee, upholding the treatment of electrical installations as depreciable assets, leading to the appeal being decided in favor of the assessee and against the Revenue. Case-Laws Income Tax Tue, 14 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333334