https://www.taxtmi.com/caselaws?id=9231 The court upheld the Tribunal's decision that drawings and patterns are considered "plant" under section 32 of the Income-tax Act, 1961. The assessee is entitled to depreciation on these assets, as they were found to have enduring utility and formed the basis of the manufacturing business. The court concluded in favor of the assessee, directing the Commissioner to pay the costs of the reference to the assessee. en-us Tue, 05 Feb 1974 00:00:00 +0530 Sat, 20 Jun 2009 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9231 The court upheld the Tribunal's decision that drawings and patterns are considered "plant" under section 32 of the Income-tax Act, 1961. The assessee is entitled to depreciation on these assets, as they were found to have enduring utility and formed the basis of the manufacturing business. The court concluded in favor of the assessee, directing the Commissioner to pay the costs of the reference to the assessee. Case-Laws Income Tax Tue, 05 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9231