https://www.taxtmi.com/caselaws?id=11802 The High Court determined that the factory building housing the rolling flour mill qualifies as a "plant" under the Income-tax Act. The court found that the building was integral to the manufacturing process, designed to support the plant and machinery, and essential for the business operations. As a result, the assessee was entitled to claim a higher rate of depreciation. The High Court allowed the appeals, set aside the Tribunal's decision, and restored the Commissioner of Income-tax (Appeals)'s order. en-us Fri, 06 Jun 2003 00:00:00 +0530 Tue, 09 Feb 2010 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11802 The High Court determined that the factory building housing the rolling flour mill qualifies as a "plant" under the Income-tax Act. The court found that the building was integral to the manufacturing process, designed to support the plant and machinery, and essential for the business operations. As a result, the assessee was entitled to claim a higher rate of depreciation. The High Court allowed the appeals, set aside the Tribunal's decision, and restored the Commissioner of Income-tax (Appeals)'s order. Case-Laws Income Tax Fri, 06 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11802