https://www.taxtmi.com/caselaws?id=27757 The High Court of Karnataka ruled in favor of allowing depreciation on roads within a race course premises, considering them as part of the "building." The court distinguished a Supreme Court decision and cited precedents from Bombay and Madras High Courts supporting this interpretation. Emphasizing consistency among High Court views, the court held that the amendment in Income-tax Rules was a clarification, affirming depreciation eligibility. en-us Tue, 26 Jul 1983 00:00:00 +0530 Mon, 15 Feb 2010 18:20:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27757 The High Court of Karnataka ruled in favor of allowing depreciation on roads within a race course premises, considering them as part of the "building." The court distinguished a Supreme Court decision and cited precedents from Bombay and Madras High Courts supporting this interpretation. Emphasizing consistency among High Court views, the court held that the amendment in Income-tax Rules was a clarification, affirming depreciation eligibility. Case-Laws Income Tax Tue, 26 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27757