https://www.taxtmi.com/caselaws?id=15570 The Tribunal upheld its original decision treating the theatre building as a plant for depreciation, despite a subsequent High Court judgment favoring the Revenue. The Tribunal refused to rectify the order based on a Full Bench decision classifying a theatre as a plant, citing finality under the IT Act. The judge emphasized that once a reference is answered, the Tribunal must adhere to the High Court's judgment, making it binding between the parties. The petition seeking rectification was dismissed, affirming the Tribunal's order and the binding nature of the High Court's post-reference judgment. en-us Sat, 25 Sep 1999 00:00:00 +0530 Wed, 26 Aug 2009 10:54:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15570 The Tribunal upheld its original decision treating the theatre building as a plant for depreciation, despite a subsequent High Court judgment favoring the Revenue. The Tribunal refused to rectify the order based on a Full Bench decision classifying a theatre as a plant, citing finality under the IT Act. The judge emphasized that once a reference is answered, the Tribunal must adhere to the High Court's judgment, making it binding between the parties. The petition seeking rectification was dismissed, affirming the Tribunal's order and the binding nature of the High Court's post-reference judgment. Case-Laws Income Tax Sat, 25 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15570