1979 (7) TMI 144

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....led to the higher rate of depreciation and development rebate treating the hotels run by the assessee as approved hotels for the asst. yr. 1974-75. 2. The assessee is a public limited company. The assessment with reference to the asst. yr. 1974-75 ended on 30th June, 1973. During this period the assessee owned three hotels namely, (1) Connemara Hotel, Madras, (2) West End Hotel, Bangalore (3) a....

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....the Dept. of Tourism certified that these three hotels owned by M/s Spencer and Co, Ltd., Madras had been on the approved list of the Government of India for the purpose of ss. 32(1)(v), 33(1)(b)(B)(ii) and 80B(7) of the IT Act, 1961, during the years relevant for the asst. yr. 1968-69 onwards. As against that order the Revenue is on appeal. 3. The only point sought to be made out by the ld. De....