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2016 (10) TMI 354 - GUJARAT HIGH COURTEligibility to depreciation claim - Electrical installation treated as “Plant and Machinery” - Held that:- The controversy raised in this case stands settled by a Division Bench judgment of this Court in the case of Commissioner of Income tax v. Express Resorts & Hotels Ltd., [2014 (12) TMI 1256 - GUJARAT HIGH COURT] wherein it has been held that electrical installations and sanitary fittings should be regarded as “Plant” for the purpose of depreciation in scheme of Section 32 of the Act. He submitted that the Division Bench took the aforesaid view by following the decision of the Apex Court in the cases of CIT v. Taj Mahal Hotel, [1971 (8) TMI 2 - SUPREME Court ] and CIT v. Anand Theatres [2000 (5) TMI 4 - SUPREME Court ] . - Decided in favour of the assessee
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