https://www.taxtmi.com/caselaws?id=26963 The High Court of Karnataka, in a judgment by Judge K. Jagannatha Shetty, ruled in favor of the assessee in a case concerning the entitlement to higher depreciation on a canteen building within a factory premises for the assessment year 1974-75. The court held that the canteen building, integral to worker welfare and susceptible to damage, should be considered part of the factory for depreciation purposes, aligning with a precedent from the Madras High Court. This decision favored the assessee over the Revenue, emphasizing the importance of canteens in factories and their distinct depreciation treatment. en-us Wed, 28 Nov 1984 00:00:00 +0530 Tue, 09 Feb 2010 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26963 The High Court of Karnataka, in a judgment by Judge K. Jagannatha Shetty, ruled in favor of the assessee in a case concerning the entitlement to higher depreciation on a canteen building within a factory premises for the assessment year 1974-75. The court held that the canteen building, integral to worker welfare and susceptible to damage, should be considered part of the factory for depreciation purposes, aligning with a precedent from the Madras High Court. This decision favored the assessee over the Revenue, emphasizing the importance of canteens in factories and their distinct depreciation treatment. Case-Laws Income Tax Wed, 28 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26963