https://www.taxtmi.com/caselaws?id=13154 The court ruled in favor of the Revenue, holding that a theatre building cannot be classified as a plant for the purpose of claiming a higher rate of depreciation. The court referenced Supreme Court precedents establishing that theatre buildings, like hotel buildings, do not qualify as plants and therefore are not entitled to special depreciation rates. The decision set aside the Tribunal's ruling and directed the assessing authority to follow the Income-tax Act guidelines. en-us Tue, 18 Sep 2001 00:00:00 +0530 Tue, 26 May 2009 17:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13154 The court ruled in favor of the Revenue, holding that a theatre building cannot be classified as a plant for the purpose of claiming a higher rate of depreciation. The court referenced Supreme Court precedents establishing that theatre buildings, like hotel buildings, do not qualify as plants and therefore are not entitled to special depreciation rates. The decision set aside the Tribunal's ruling and directed the assessing authority to follow the Income-tax Act guidelines. Case-Laws Income Tax Tue, 18 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13154