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2011 (4) TMI 81 - HC - Income TaxDepreciation - electric installations, air conditioners and electric fans are items which constituted the part of plant on which depreciation is to be allowed at the rate of 25% - anything which is used for the purpose of business including any installation which facilitates the production or increase the efficiency of the business will be plant - Hon'ble Supreme Court in the case of CIT Vs. Taj Mahal Hotel (1971 -TMI - 6254 - SUPREME Court) - Held that the assets on which depreciation was allowed were held to be the part of plant and, therefore, the rate of 25% was rightly applied - Decided in the favour of the assessee
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