https://www.taxtmi.com/caselaws?id=13653 The court upheld the Tribunal's decision, allowing depreciation on the cost of construction for a nursing home as a "plant" based on the functional test. The judgment emphasized that if a building serves as a tool for business activities, it qualifies as a plant. The court concluded that the nursing home, facilitating medical procedures and equipment sterilization, met the criteria for depreciation. The decision aligned with established case law and emphasized the importance of the functional test in determining eligibility for depreciation on business assets. en-us Tue, 05 Dec 2006 00:00:00 +0530 Tue, 30 Jun 2009 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13653 The court upheld the Tribunal's decision, allowing depreciation on the cost of construction for a nursing home as a "plant" based on the functional test. The judgment emphasized that if a building serves as a tool for business activities, it qualifies as a plant. The court concluded that the nursing home, facilitating medical procedures and equipment sterilization, met the criteria for depreciation. The decision aligned with established case law and emphasized the importance of the functional test in determining eligibility for depreciation on business assets. Case-Laws Income Tax Tue, 05 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13653