https://www.taxtmi.com/caselaws?id=14674 The court affirmed the 'pharma building' as a plant for depreciation purposes under the Income-tax Act, 1961. The building's exclusive use for pharmaceutical manufacturing, with distinct sections and specialized facilities, led the court to conclude it served as a plant aiding business activities. The court emphasized the functional test, highlighting the building's role as an apparatus for business operations and its design solely for medicine production. The decision favored the assessee, dismissing the Revenue's appeal. en-us Mon, 13 Nov 2000 00:00:00 +0530 Sat, 18 Jul 2009 10:23:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14674 The court affirmed the 'pharma building' as a plant for depreciation purposes under the Income-tax Act, 1961. The building's exclusive use for pharmaceutical manufacturing, with distinct sections and specialized facilities, led the court to conclude it served as a plant aiding business activities. The court emphasized the functional test, highlighting the building's role as an apparatus for business operations and its design solely for medicine production. The decision favored the assessee, dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 13 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14674