https://www.taxtmi.com/caselaws?id=56095 The Tribunal overturned the Commissioner's order and allowed the appeal in favor of the assessee, affirming the eligibility for full depreciation on chairs in cinema theatres. It concluded that each chair costing less than Rs. 750 should be considered a separate unit eligible for full depreciation under the proviso to section 32(1)(ii), emphasizing the integral role of chairs in conducting the business of film exhibition and their classification as 'plant' for depreciation purposes. The Tribunal highlighted the independent function of each chair and differentiated them from integrated systems, ultimately ruling in favor of the assessee. en-us Wed, 25 Jul 1990 00:00:00 +0530 Wed, 01 Dec 2010 15:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56095 The Tribunal overturned the Commissioner's order and allowed the appeal in favor of the assessee, affirming the eligibility for full depreciation on chairs in cinema theatres. It concluded that each chair costing less than Rs. 750 should be considered a separate unit eligible for full depreciation under the proviso to section 32(1)(ii), emphasizing the integral role of chairs in conducting the business of film exhibition and their classification as 'plant' for depreciation purposes. The Tribunal highlighted the independent function of each chair and differentiated them from integrated systems, ultimately ruling in favor of the assessee. Case-Laws Income Tax Wed, 25 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56095