https://www.taxtmi.com/caselaws?id=38642 The High Court of Madras determined that a special reinforced foundation for a rotary kiln qualifies as "plant" rather than a building for depreciation and development rebate purposes under the Income-tax Act. The court upheld the foundation's classification as plant based on its integral role in the machinery's functioning, aligning with the inclusive definition of "plant" and previous judicial interpretations. Consequently, the assessee was granted the benefits of depreciation and development rebate related to the foundation, with costs and counsel fees awarded against the revenue. en-us Wed, 02 Feb 1977 00:00:00 +0530 Wed, 07 Apr 2010 18:06:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38642 The High Court of Madras determined that a special reinforced foundation for a rotary kiln qualifies as "plant" rather than a building for depreciation and development rebate purposes under the Income-tax Act. The court upheld the foundation's classification as plant based on its integral role in the machinery's functioning, aligning with the inclusive definition of "plant" and previous judicial interpretations. Consequently, the assessee was granted the benefits of depreciation and development rebate related to the foundation, with costs and counsel fees awarded against the revenue. Case-Laws Income Tax Wed, 02 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38642