https://www.taxtmi.com/caselaws?id=10243 The High Court of Rajasthan ruled that hotel buildings and tourist complexes do not qualify as "plant" for depreciation purposes under section 32 of the Income-tax Act. The court emphasized the distinction between buildings and plant/machinery, citing previous cases to support its decision. It concluded that allowing depreciation benefits on hotel buildings and tourist complexes would blur this distinction and denied the benefits to the assessee, ruling in favor of the Revenue. en-us Mon, 13 Oct 2003 00:00:00 +0530 Sat, 11 Jul 2009 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10243 The High Court of Rajasthan ruled that hotel buildings and tourist complexes do not qualify as "plant" for depreciation purposes under section 32 of the Income-tax Act. The court emphasized the distinction between buildings and plant/machinery, citing previous cases to support its decision. It concluded that allowing depreciation benefits on hotel buildings and tourist complexes would blur this distinction and denied the benefits to the assessee, ruling in favor of the Revenue. Case-Laws Income Tax Mon, 13 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10243