https://www.taxtmi.com/caselaws?id=187535 For the purpose of section 10(2)(vi) of the Income-tax Act the building is to be treated as including the land beneath it, and depreciation may be claimed on the combined cost as a single capital unit. The analysis applies ordinary meaning of "building," rejects a rigid separation of land as inherently non-depreciable when land is integral to the use and sale of the structure, and relies on construing tax ambiguity in favour of the assessee. The operative effect is that cost of underlying land is includible in the depreciable basis of the building. en-us Wed, 28 Oct 1964 00:00:00 +0530 Tue, 25 Oct 2016 18:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187535 For the purpose of section 10(2)(vi) of the Income-tax Act the building is to be treated as including the land beneath it, and depreciation may be claimed on the combined cost as a single capital unit. The analysis applies ordinary meaning of "building," rejects a rigid separation of land as inherently non-depreciable when land is integral to the use and sale of the structure, and relies on construing tax ambiguity in favour of the assessee. The operative effect is that cost of underlying land is includible in the depreciable basis of the building. Case-Laws Income Tax Wed, 28 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187535