Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1995 (11) TMI 9 - RAJASTHAN HIGH COURT
Extract:
.......w that the Income-tax Appellate Tribunal was not justified in holding that the cinema building/hotel building belonging to the assessee-firm should be treated as plant and depreciation should be allowed at the rate applicable to a plant . Accordingly, the reference is answered in favour of the Revenue and against the assessee. No order as to costs.