Tribunal held that the golf course owned and used by the assessee for the purpose of the business was a tool of the business of the assessee. It functioned like a plant in the case of the assessee. The assessee was eligible for depreciation thereon at 15 per cent. Followed Landbase India Ltd. v. ACIT (IT A. Nos. 1030-31/Delhi/2019 dt. 26 -8 – 2019).( AY.2013-14, 2014-15, 2016-17)
Landbase India Ltd. v. ACIT (2020) 80 ITR 580 / 185 ITD 40/ 116 taxmann.co 574 ( Delhi) (Trib)
S. 32 : Depreciation – Golf course – Plant – Entitle to depreciation .