https://www.taxtmi.com/caselaws?id=36313 The High Court ruled in favor of the assessee, allowing depreciation on roads within the factory compound and the compound of residential quarters of factory employees at the rate applicable to first class buildings. The court considered these roads as part of the buildings used for business purposes, emphasizing their integral role in business operations. The decision aligned with previous judgments and distinguished a foreign case where a structure was deemed non-functional. Ultimately, the court affirmed the eligibility of both sets of roads for depreciation under section 32 of the Income Tax Act, 1961. en-us Tue, 25 Nov 1980 00:00:00 +0530 Sat, 20 Mar 2010 15:05:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36313 The High Court ruled in favor of the assessee, allowing depreciation on roads within the factory compound and the compound of residential quarters of factory employees at the rate applicable to first class buildings. The court considered these roads as part of the buildings used for business purposes, emphasizing their integral role in business operations. The decision aligned with previous judgments and distinguished a foreign case where a structure was deemed non-functional. Ultimately, the court affirmed the eligibility of both sets of roads for depreciation under section 32 of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 25 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36313