https://www.taxtmi.com/caselaws?id=19971 The court ruled in favor of the Revenue regarding the rate of depreciation, holding that the higher rates did not apply for the assessment year 1983-84. However, the court sided with the assessee on the classification of the company as an industrial company, entitling it to a concessional rate of income tax. The court also ruled in favor of the Revenue on the entitlement to extra shift depreciation, the classification of food preparation in a hotel, and the classification of a hotel building as a plant for depreciation purposes. en-us Thu, 10 Feb 1994 00:00:00 +0530 Tue, 10 Nov 2009 18:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19971 The court ruled in favor of the Revenue regarding the rate of depreciation, holding that the higher rates did not apply for the assessment year 1983-84. However, the court sided with the assessee on the classification of the company as an industrial company, entitling it to a concessional rate of income tax. The court also ruled in favor of the Revenue on the entitlement to extra shift depreciation, the classification of food preparation in a hotel, and the classification of a hotel building as a plant for depreciation purposes. Case-Laws Income Tax Thu, 10 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19971