https://www.taxtmi.com/caselaws?id=37375 For depreciation purposes, a cold storage building was not treated as a factory building because the statutory meaning of "factory" under the then applicable law did not cover cold storage merely by reason of refrigeration or a factory licence, and the later inclusion of cold storage in the Factories Act was prospective only. The building therefore qualified only for the general building rate. By contrast, switchgear and motors found as a fact to form part of the refrigeration plant attracted the specific depreciation rate for refrigeration plant, and the general rate for electrical machinery could not be applied. The reference was thus answered partly for the Revenue and partly for the assessee. en-us Thu, 18 Jan 1979 00:00:00 +0530 Mon, 29 Mar 2010 13:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37375 For depreciation purposes, a cold storage building was not treated as a factory building because the statutory meaning of "factory" under the then applicable law did not cover cold storage merely by reason of refrigeration or a factory licence, and the later inclusion of cold storage in the Factories Act was prospective only. The building therefore qualified only for the general building rate. By contrast, switchgear and motors found as a fact to form part of the refrigeration plant attracted the specific depreciation rate for refrigeration plant, and the general rate for electrical machinery could not be applied. The reference was thus answered partly for the Revenue and partly for the assessee. Case-Laws Income Tax Thu, 18 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37375