https://www.taxtmi.com/caselaws?id=12730 The High Court held that the air-conditioning plant in buses should be considered an integral part of the vehicle for depreciation calculation purposes. The court ruled in favor of the assessee, allowing depreciation at the rate applicable to the bus for both the bus and the air-conditioning machinery. The court rejected the Revenue's argument that the bus could operate without the air-conditioning plant, affirming the assessee's position on both issues and disposing of the reference in their favor. en-us Mon, 10 Sep 2001 00:00:00 +0530 Thu, 21 May 2009 16:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12730 The High Court held that the air-conditioning plant in buses should be considered an integral part of the vehicle for depreciation calculation purposes. The court ruled in favor of the assessee, allowing depreciation at the rate applicable to the bus for both the bus and the air-conditioning machinery. The court rejected the Revenue's argument that the bus could operate without the air-conditioning plant, affirming the assessee's position on both issues and disposing of the reference in their favor. Case-Laws Income Tax Mon, 10 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12730