https://www.taxtmi.com/caselaws?id=16380 The High Court ruled in favor of the assessee, allowing depreciation on the expenditure for constructing roads, culverts, and sewage lines within or in the vicinity of the factory area for exclusive use by factory workers. The judgment clarified the interpretation of "building" under section 32(1)(iv) of the Income-tax Act, emphasizing ownership and purpose in determining eligibility for depreciation on such constructions. en-us Fri, 30 Oct 1998 00:00:00 +0530 Mon, 07 Sep 2009 13:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16380 The High Court ruled in favor of the assessee, allowing depreciation on the expenditure for constructing roads, culverts, and sewage lines within or in the vicinity of the factory area for exclusive use by factory workers. The judgment clarified the interpretation of "building" under section 32(1)(iv) of the Income-tax Act, emphasizing ownership and purpose in determining eligibility for depreciation on such constructions. Case-Laws Income Tax Fri, 30 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16380