https://www.taxtmi.com/caselaws?id=19344 The court ruled in favor of the assessee, determining that fans installed in the administrative office qualify as 'plant and machinery' for depreciation under section 32 of the Income-tax Act, 1961. The court interpreted the relevant sections and precedent cases, emphasizing a broad interpretation of 'plant' to include tools used in business activities. Applying a functional test, the court found the fans integral to business operations, thus eligible for depreciation. Both issues were decided in favor of the assessee, with no costs awarded. en-us Thu, 01 Dec 1994 00:00:00 +0530 Thu, 05 Nov 2009 15:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19344 The court ruled in favor of the assessee, determining that fans installed in the administrative office qualify as 'plant and machinery' for depreciation under section 32 of the Income-tax Act, 1961. The court interpreted the relevant sections and precedent cases, emphasizing a broad interpretation of 'plant' to include tools used in business activities. Applying a functional test, the court found the fans integral to business operations, thus eligible for depreciation. Both issues were decided in favor of the assessee, with no costs awarded. Case-Laws Income Tax Thu, 01 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19344