1990 (1) TMI 14 - HC - Income Tax

Summary

The High Court of Calcutta was asked to determine if an incomplete railway siding under construction could be considered 'plant' for tax deduction purposes. The Tribunal found the siding eligible for relief under section 32(1)(iii) or as a building. The Court declined to answer the question raised as it would be academic due to the Tribunal's alternative finding. No costs were awarded.