1999 (11) TMI 882

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.... :J. P. Shah JUDGMENT In the reference, the following question has been raised : "Whether, on the facts and in the circumstances of the case, the Tribunal is right in holding that the assessee is entitled to grant of depreciation on factory building and office building though the conveyance deed in respect of these properties was not registered in favour of the assessee till the end....

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....nsel for the Revenue stated that the case is covered by the decision of the apex court. The apex court held as under (headnote) : "Held, reversing the judgment of the High Court, that the finding of fact arrived at in the case at hand was that though a document of title was not executed by the Housing Board in favour of the assessee, the houses were allotted to the assessee by the Housing....