https://www.taxtmi.com/caselaws?id=34560 The court held that poultry sheds used for the business of hatching constitute 'Plant' for the purpose of granting depreciation under Section 32 of the Income Tax Act, 1961. The sheds were deemed essential for business operations, designed to enhance productivity and protect the birds, meeting the criteria for classification as 'Plant' under Section 43(3) of the Act. The court rejected the revenue's argument against this classification, emphasizing the sheds' specific design and intended use. Consequently, the appeal was dismissed in favor of the assessee. en-us Wed, 02 Sep 2009 00:00:00 +0530 Mon, 14 Sep 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34560 The court held that poultry sheds used for the business of hatching constitute 'Plant' for the purpose of granting depreciation under Section 32 of the Income Tax Act, 1961. The sheds were deemed essential for business operations, designed to enhance productivity and protect the birds, meeting the criteria for classification as 'Plant' under Section 43(3) of the Act. The court rejected the revenue's argument against this classification, emphasizing the sheds' specific design and intended use. Consequently, the appeal was dismissed in favor of the assessee. Case-Laws Income Tax Wed, 02 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34560