https://www.taxtmi.com/caselaws?id=13156 The High Court concluded that a theatre building does not qualify as a plant for availing a higher rate of depreciation, overturning the Tribunal's decision. Citing legal precedents and Supreme Court rulings, the Court held that certain buildings, including theatres, do not fall under the definition of plants for depreciation purposes. The original order denying the special and higher rate of depreciation on the theatre building was reinstated, directing the assessing authority to comply with the Income-tax Act provisions. en-us Tue, 18 Sep 2001 00:00:00 +0530 Tue, 26 May 2009 17:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13156 The High Court concluded that a theatre building does not qualify as a plant for availing a higher rate of depreciation, overturning the Tribunal's decision. Citing legal precedents and Supreme Court rulings, the Court held that certain buildings, including theatres, do not fall under the definition of plants for depreciation purposes. The original order denying the special and higher rate of depreciation on the theatre building was reinstated, directing the assessing authority to comply with the Income-tax Act provisions. Case-Laws Income Tax Tue, 18 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13156