https://www.taxtmi.com/caselaws?id=37646 The court ruled in favor of the pharmaceutical company, allowing depreciation and development rebate on the cost of digging a well for business purposes. The court held that the well qualified as "plant" under the Income Tax Act, as it was necessary for business operations. Additionally, the court determined that an order made by the ITO in compliance with the directions of the appellate authority is appealable. Consequently, the court sided with the assessee on both issues, awarding costs against the revenue. en-us Tue, 17 Jan 1978 00:00:00 +0530 Wed, 31 Mar 2010 11:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37646 The court ruled in favor of the pharmaceutical company, allowing depreciation and development rebate on the cost of digging a well for business purposes. The court held that the well qualified as "plant" under the Income Tax Act, as it was necessary for business operations. Additionally, the court determined that an order made by the ITO in compliance with the directions of the appellate authority is appealable. Consequently, the court sided with the assessee on both issues, awarding costs against the revenue. Case-Laws Income Tax Tue, 17 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37646