https://www.taxtmi.com/caselaws?id=281508 The High Court ruled in favor of the assessee on both issues. It held that a building used as a cold storage chamber qualifies for a higher depreciation rate of 15% as part of the air-conditioning plant. Additionally, the court determined that buildings housing machinery for manufacturing purposes are considered part of the plant. This decision aligns with previous rulings from various High Courts, emphasizing the broad interpretation of the term "plant" to include such structures. en-us Wed, 10 Jul 1996 00:00:00 +0530 Fri, 21 Jun 2019 10:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281508 The High Court ruled in favor of the assessee on both issues. It held that a building used as a cold storage chamber qualifies for a higher depreciation rate of 15% as part of the air-conditioning plant. Additionally, the court determined that buildings housing machinery for manufacturing purposes are considered part of the plant. This decision aligns with previous rulings from various High Courts, emphasizing the broad interpretation of the term "plant" to include such structures. Case-Laws Income Tax Wed, 10 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281508