Guwahati Metropolitan Development ... vs Commissioner Of Income Tax on 21 November, 2016
In the above context, the Madhya Pradesh High Court in Babul Agrawal
Vs. Commissioner of Income-Tax reported in (2005)272 ITR 454(MP) was
considering whether depreciation on open plinth godowns provided by the
assessee, to store FCI rice, should be allowed depreciation at the rate prescribed
for building and not as plant. Answering the question, the Division Bench made
the following observation: