https://www.taxtmi.com/caselaws?id=13965 Depreciation on furniture used in a hospital was confined to 10 per cent because a hospital was not treated as a welfare centre under the relevant depreciation entry. On that basis, the higher 15 per cent rate was unavailable to the assessee. The text also states that rectification under section 154 of the Income-tax Act is confined to a mistake apparent from the record, and the adjustment was upheld where the correct statutory depreciation rate applied. The references were answered in favour of the Revenue, with the assessee restricted to depreciation at 10 per cent on the hospital furniture. en-us Wed, 21 Mar 2001 00:00:00 +0530 Mon, 06 Jul 2009 16:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13965 Depreciation on furniture used in a hospital was confined to 10 per cent because a hospital was not treated as a welfare centre under the relevant depreciation entry. On that basis, the higher 15 per cent rate was unavailable to the assessee. The text also states that rectification under section 154 of the Income-tax Act is confined to a mistake apparent from the record, and the adjustment was upheld where the correct statutory depreciation rate applied. The references were answered in favour of the Revenue, with the assessee restricted to depreciation at 10 per cent on the hospital furniture. Case-Laws Income Tax Wed, 21 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13965