https://www.taxtmi.com/article/detailed?id=9200 The tribunals examined whether a golf course, when capitalised with irrigation systems, water tanks, sprinklers, bunkers and technical installations used to operate the course commercially, constitutes plant rather than non depreciable land or a building. Where such integrated operational installations function as tools of the taxpayer's business and costs are capitalised accordingly, the tribunal characterised the asset as plant for depreciation purposes, while remitting factual details to the assessing officer when necessary to verify construction and capitalisation records. en-us Fri, 22 May 2020 10:30:38 +0530 Fri, 22 May 2020 10:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9200 The tribunals examined whether a golf course, when capitalised with irrigation systems, water tanks, sprinklers, bunkers and technical installations used to operate the course commercially, constitutes plant rather than non depreciable land or a building. Where such integrated operational installations function as tools of the taxpayer's business and costs are capitalised accordingly, the tribunal characterised the asset as plant for depreciation purposes, while remitting factual details to the assessing officer when necessary to verify construction and capitalisation records. Articles Income Tax Fri, 22 May 2020 10:30:38 +0530 https://www.taxtmi.com/article/detailed?id=9200