https://www.taxtmi.com/caselaws?id=5538 The Supreme Court ruled in favor of the assessee, allowing both extra depreciation and extra shift depreciation allowance for approved hotels. The Court held that depreciation is based on machinery and plant, not the nature of the activity, and approved hotels are eligible for both allowances. The judgment overturned the High Court decision, emphasizing that the concept of shift applies even in a hotel setting, making them eligible for extra shift depreciation allowance. The assessee's appeal was allowed with no costs. en-us Fri, 08 Nov 1996 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5538 The Supreme Court ruled in favor of the assessee, allowing both extra depreciation and extra shift depreciation allowance for approved hotels. The Court held that depreciation is based on machinery and plant, not the nature of the activity, and approved hotels are eligible for both allowances. The judgment overturned the High Court decision, emphasizing that the concept of shift applies even in a hotel setting, making them eligible for extra shift depreciation allowance. The assessee's appeal was allowed with no costs. Case-Laws Income Tax Fri, 08 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5538