https://www.taxtmi.com/caselaws?id=14403 The High Court held that a hotel building cannot be considered a plant for depreciation purposes under the Income-tax Act. Referring to legal provisions and precedents, the court determined that buildings like hotels do not qualify as plants and should be depreciated at the rate applicable to buildings. The court ruled against the assessee, directing the Tribunal to adjust the depreciation allowance accordingly. This case clarifies the distinction between buildings and plants for depreciation under the Income-tax Act, setting a precedent for similar cases involving the treatment of hotel buildings. en-us Thu, 15 Feb 2001 00:00:00 +0530 Wed, 15 Jul 2009 16:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14403 The High Court held that a hotel building cannot be considered a plant for depreciation purposes under the Income-tax Act. Referring to legal provisions and precedents, the court determined that buildings like hotels do not qualify as plants and should be depreciated at the rate applicable to buildings. The court ruled against the assessee, directing the Tribunal to adjust the depreciation allowance accordingly. This case clarifies the distinction between buildings and plants for depreciation under the Income-tax Act, setting a precedent for similar cases involving the treatment of hotel buildings. Case-Laws Income Tax Thu, 15 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14403