https://www.taxtmi.com/caselaws?id=37232 The High Court ruled against the assessee, determining that warehouses constructed for storing potatoes did not qualify as "plant" under the Income-tax Act for claiming development rebate. The court applied a functional test, concluding that the warehouses were spaces for business activities rather than tools actively involved in the business. Consequently, the claim for development rebate was disallowed, with the court supporting the department's position and awarding costs and counsel's fee to the department. en-us Thu, 15 Nov 1979 00:00:00 +0530 Sat, 27 Mar 2010 15:41:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37232 The High Court ruled against the assessee, determining that warehouses constructed for storing potatoes did not qualify as "plant" under the Income-tax Act for claiming development rebate. The court applied a functional test, concluding that the warehouses were spaces for business activities rather than tools actively involved in the business. Consequently, the claim for development rebate was disallowed, with the court supporting the department's position and awarding costs and counsel's fee to the department. Case-Laws Income Tax Thu, 15 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37232