https://www.taxtmi.com/caselaws?id=15555 A hotel building used for lodging, boarding, restaurant and bar facilities can be treated as "plant" for depreciation purposes under the Income-tax Act, 1961 where the asset functions as an essential tool of the business. Applying the broad meaning of "plant", the hotel premises were held to fall within that concept, and higher-rate depreciation was available to the assessee. en-us Fri, 15 Mar 1996 00:00:00 +0530 Wed, 26 Aug 2009 10:22:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15555 A hotel building used for lodging, boarding, restaurant and bar facilities can be treated as "plant" for depreciation purposes under the Income-tax Act, 1961 where the asset functions as an essential tool of the business. Applying the broad meaning of "plant", the hotel premises were held to fall within that concept, and higher-rate depreciation was available to the assessee. Case-Laws Income Tax Fri, 15 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15555