2003 (4) TMI 4 - SC - Income Tax

Held that cinema theatre as a plant is not entitled to depreciation and extra shift allowance as applicable to a plant

Summary

The Supreme Court ruled that cinemas are not entitled to depreciation and extra shift allowance as a plant. The decision was based on a previous case where it was held that theatres are premises, not plants, for tax purposes. The appeal was allowed in favor of the Revenue.