https://www.taxtmi.com/caselaws?id=11867 The functional test treats the cold storage chamber as plant because it is the apparatus through which the storage business is carried on, not a mere setting for it. The licensing regime requires the premises to be constructed, insulated, maintained and operated in a specified manner, and the chamber and insulation are mutually dependent on the building. On that reasoning, only the part of the cold storage building used as the storage chamber qualifies as plant for depreciation under section 43(3) of the Income-tax Act; the remaining portion of the building does not. en-us Wed, 11 Jun 2003 00:00:00 +0530 Wed, 10 Feb 2010 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11867 The functional test treats the cold storage chamber as plant because it is the apparatus through which the storage business is carried on, not a mere setting for it. The licensing regime requires the premises to be constructed, insulated, maintained and operated in a specified manner, and the chamber and insulation are mutually dependent on the building. On that reasoning, only the part of the cold storage building used as the storage chamber qualifies as plant for depreciation under section 43(3) of the Income-tax Act; the remaining portion of the building does not. Case-Laws Income Tax Wed, 11 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11867