Gotanagar Truck Terminus Classified as Plant, Eligible for 25% Depreciation Under Income-tax Act Sections 32 and 43.

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....The Gotanagar truck terminus is a plant and not building, for the purpose of claiming depreciation under section 32 read with section 43 of the Income-tax Act. Consequently the assessee is held entitled to depreciation at the rate of 25 per cent. as prescribed for plant and not at 10 per cent., as applicable for building - HC....