https://www.taxtmi.com/caselaws?id=20302 The High Court ruled in favor of the assessee on all issues, affirming the eligibility of depreciation for roads within the factory campus and granting a development rebate for tanks and reservoirs at a rate of ten percent. The court considered roads inside the factory premises as buildings eligible for depreciation and classified tanks and reservoirs as 'plant' integral to the filtration plant, making them eligible for development rebate. The judgment provided clarity on the depreciation eligibility of assets within the factory premises and the treatment of tanks and reservoirs for development rebate purposes. en-us Fri, 09 Oct 1992 00:00:00 +0530 Fri, 13 Nov 2009 11:32:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20302 The High Court ruled in favor of the assessee on all issues, affirming the eligibility of depreciation for roads within the factory campus and granting a development rebate for tanks and reservoirs at a rate of ten percent. The court considered roads inside the factory premises as buildings eligible for depreciation and classified tanks and reservoirs as 'plant' integral to the filtration plant, making them eligible for development rebate. The judgment provided clarity on the depreciation eligibility of assets within the factory premises and the treatment of tanks and reservoirs for development rebate purposes. Case-Laws Income Tax Fri, 09 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20302