https://www.taxtmi.com/caselaws?id=10865 A pond could not be treated as plant for depreciation where the earlier Kerala High Court basis had been reversed by the Supreme Court in Anand Theatres. The controlling ruling held that a building used as a hotel or theatre is not plant for depreciation purposes, and that binding principle displaced the Tribunal's reliance on Hotel Luciya. Applying the later Supreme Court authority, the characterization of the pond as plant was not sustainable, and the Revenue's position prevailed. en-us Thu, 17 Oct 2002 00:00:00 +0530 Mon, 27 Jul 2009 08:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10865 A pond could not be treated as plant for depreciation where the earlier Kerala High Court basis had been reversed by the Supreme Court in Anand Theatres. The controlling ruling held that a building used as a hotel or theatre is not plant for depreciation purposes, and that binding principle displaced the Tribunal's reliance on Hotel Luciya. Applying the later Supreme Court authority, the characterization of the pond as plant was not sustainable, and the Revenue's position prevailed. Case-Laws Income Tax Thu, 17 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10865