Supreme Court · 2000 INSC 328 · Decided 12 May 2000
Commissioner of Income Tax, Trivandrum v. M?S Anand Theatres ETC. ETC.
- Court
- Supreme Court of India
- Citation
- 2000 INSC 328 · [2000] SUPP. 1 S.C.R. 338
- Case number
- CIVIL APPEAL No. 4758/1998
- Decided
- 12 May 2000
- Bench
- AJAY PRAKASH MISRA, M.B. SHAH (2-judge bench)
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 32, 43(3), 32(1)(v)
Headnote
Income Tax Act, 1961-Sections 32 and 43 (3)-Depreciation-Rate of-'Building' and 'Plant '-Meaning of-Difference between-Building of a hotel or a cinema-Held, are not apparatus or tool for running the business C of hotel or cinema-Cannot be 'plant' for the purpose of depreciation­ Income Tax for calculation ot depreciation as specified in table in Part I o( Appendix I to the Income Tax D Rules, 1962. The general rate of depreciation to be charged for 'buildings' under the said Appendix is 5% whereas the general rate of depreciation to be charged for 'machinery and plant' is
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