https://www.taxtmi.com/caselaws?id=193371 Whether studio buildings qualify as "factory buildings" under rule 8 was decided by applying the statutory definition: because manufacturing processes (carpentry with lathes and sawing machines, film laboratory work and other production activities) were actually carried on in the premises, the buildings fall within the third class in rule 8 and satisfy the term "factory" for the rule's purpose; accordingly the buildings qualify as factory buildings and are entitled to the double depreciation prescribed by the rule. en-us Wed, 04 Apr 1962 00:00:00 +0530 Wed, 26 Jul 2017 10:29:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193371 Whether studio buildings qualify as "factory buildings" under rule 8 was decided by applying the statutory definition: because manufacturing processes (carpentry with lathes and sawing machines, film laboratory work and other production activities) were actually carried on in the premises, the buildings fall within the third class in rule 8 and satisfy the term "factory" for the rule's purpose; accordingly the buildings qualify as factory buildings and are entitled to the double depreciation prescribed by the rule. Case-Laws Income Tax Wed, 04 Apr 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193371