https://www.taxtmi.com/caselaws?id=188862 The High Court ruled in favor of the assessee on all four questions referred by the Tribunal. It held that depreciation on the administrative block within the factory campus qualifies as a factory building, allowing depreciation at 10%. The Court also confirmed that a generator qualifies as a renewable energy device for depreciation purposes at 30%. Additionally, it determined that expenditure on the reconstruction of a boundary wall should be treated as revenue expenditure. Lastly, the Court excluded certain expenses like driver's salary, car depreciation, and car repairs from disallowance calculations under the IT Act, 1961, following established precedents. en-us Wed, 19 Mar 2008 00:00:00 +0530 Mon, 19 Dec 2016 10:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188862 The High Court ruled in favor of the assessee on all four questions referred by the Tribunal. It held that depreciation on the administrative block within the factory campus qualifies as a factory building, allowing depreciation at 10%. The Court also confirmed that a generator qualifies as a renewable energy device for depreciation purposes at 30%. Additionally, it determined that expenditure on the reconstruction of a boundary wall should be treated as revenue expenditure. Lastly, the Court excluded certain expenses like driver's salary, car depreciation, and car repairs from disallowance calculations under the IT Act, 1961, following established precedents. Case-Laws Income Tax Wed, 19 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188862