https://www.taxtmi.com/caselaws?id=8608 Brick-kiln activity was held not to qualify as a cottage industry because it was carried on on a large scale, with numerous kilns, substantial labour and turnover, and operations conducted through others under agreements; the claimed exemption under section 14(3)(i)(b) therefore failed. Depreciation was also denied on the cost of land, because depreciation is confined to depreciable assets and does not extend to land, even where it is appurtenant to a building. The reference questions were answered against the assessee and in favour of the revenue. en-us Mon, 13 Sep 1971 00:00:00 +0530 Fri, 08 May 2009 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8608 Brick-kiln activity was held not to qualify as a cottage industry because it was carried on on a large scale, with numerous kilns, substantial labour and turnover, and operations conducted through others under agreements; the claimed exemption under section 14(3)(i)(b) therefore failed. Depreciation was also denied on the cost of land, because depreciation is confined to depreciable assets and does not extend to land, even where it is appurtenant to a building. The reference questions were answered against the assessee and in favour of the revenue. Case-Laws Income Tax Mon, 13 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8608