Commissioner Of Income-Tax vs Srinivasa Hatcheries P. Ltd.

The Supreme Court held that the question of whether poultry sheds should be classified as plant for the purpose of depreciation rates is a significant legal issue that warrants referral to the High Court. The Court found that the High Court erred in not requiring the Tribunal to refer this question, which is crucial for determining the applicable depreciation rate. Consequently, the appeal was allowed, the previous order was set aside, and the Tribunal was directed to refer the question to the High Court for consideration.