https://www.taxtmi.com/caselaws?id=14974 A hotel building used in business is not treated as plant for depreciation purposes, so higher depreciation on that basis is unavailable. Retrenchment compensation paid to employees of the transferor was a seller's liability, not part of the purchase consideration, and it did not acquire or improve the hotel building or otherwise increase the value of the capital assets acquired. Depreciation cannot be claimed on expenditure that does not relate to an acquired asset or to an improvement in a capital asset. en-us Fri, 07 Jul 2000 00:00:00 +0530 Mon, 27 Jul 2009 13:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14974 A hotel building used in business is not treated as plant for depreciation purposes, so higher depreciation on that basis is unavailable. Retrenchment compensation paid to employees of the transferor was a seller's liability, not part of the purchase consideration, and it did not acquire or improve the hotel building or otherwise increase the value of the capital assets acquired. Depreciation cannot be claimed on expenditure that does not relate to an acquired asset or to an improvement in a capital asset. Case-Laws Income Tax Fri, 07 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14974