https://www.taxtmi.com/caselaws?id=38116 The case involved a dispute over the allowance of depreciation on drains, culverts, roads, etc., claimed by an assessee company. The High Court disagreed with the Tribunal's ruling that these assets were not "buildings" eligible for depreciation under the Income-tax Act. It emphasized the need to interpret the term "building" in the context of the Act and the specific circumstances of each case. The Court directed the matter back to the Tribunal for a detailed examination to determine if the assets qualified as "buildings" and were used for business purposes, as required by section 32. en-us Mon, 03 Apr 1978 00:00:00 +0530 Sat, 03 Apr 2010 12:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38116 The case involved a dispute over the allowance of depreciation on drains, culverts, roads, etc., claimed by an assessee company. The High Court disagreed with the Tribunal's ruling that these assets were not "buildings" eligible for depreciation under the Income-tax Act. It emphasized the need to interpret the term "building" in the context of the Act and the specific circumstances of each case. The Court directed the matter back to the Tribunal for a detailed examination to determine if the assets qualified as "buildings" and were used for business purposes, as required by section 32. Case-Laws Income Tax Mon, 03 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38116