https://www.taxtmi.com/caselaws?id=33987 The court ruled in favor of the Revenue, holding that hospitals should not be considered as "welfare centres" for claiming higher depreciation rates on furniture and fittings under the Income-tax Act. Despite acknowledging potential discrepancies in depreciation rates for various establishments, the court emphasized strict interpretation of the relevant provisions and decided in favor of the Revenue. Consequently, the tax case appeals were allowed in favor of the Revenue. en-us Tue, 21 Oct 2008 00:00:00 +0530 Thu, 02 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33987 The court ruled in favor of the Revenue, holding that hospitals should not be considered as "welfare centres" for claiming higher depreciation rates on furniture and fittings under the Income-tax Act. Despite acknowledging potential discrepancies in depreciation rates for various establishments, the court emphasized strict interpretation of the relevant provisions and decided in favor of the Revenue. Consequently, the tax case appeals were allowed in favor of the Revenue. Case-Laws Income Tax Tue, 21 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33987