Rate of depreciation

1995 views 2 replies

Dear Sir / Mam,

We would like to know what would be the rate of depreciation for a Cold storage building (building has various related machineries) where variety of temprature sensitive products are stored and maintained.

Also would appreciate if you can clarify the basic differentiators of a Building and Plant.

Thanks

Kumar

Replies (2)

 

[1979] 119 ITR 26 (CAL.)

HIGH COURT OF CALCUTTA

Commissioner of Income-tax

v.

Mangolia Dairy products (India)

DIPAK KUMAR SEN AND C.K. BANERJI, JJ.

INCOME-TAX REFERENCE NO. 238 OF 1974

JANUARY 18, 1979

CLICK HERE FOR THE JUDGEMENT

A cold storage building is entitled for depreciation at rates as applicable to a factory building - CIT v. Yamuna Cold Storage [1981] 129 ITR 728 (Punj. & Har.)


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