https://www.taxtmi.com/caselaws?id=70716 The Tribunal upheld the Commissioner (Appeals) decision in a case concerning the classification of re-conditioned machinery as 'new machinery' for investment allowance. The Tribunal determined that although the machinery was made from old parts, it was considered new as it had not existed before, thus qualifying for investment allowance. Additionally, the Tribunal supported the allowance of depreciation on motor cars, following a decision of the Madras High Court, and dismissed the revenue's appeal on both grounds. en-us Mon, 27 Feb 1984 00:00:00 +0530 Mon, 18 Apr 2011 17:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70716 The Tribunal upheld the Commissioner (Appeals) decision in a case concerning the classification of re-conditioned machinery as 'new machinery' for investment allowance. The Tribunal determined that although the machinery was made from old parts, it was considered new as it had not existed before, thus qualifying for investment allowance. Additionally, the Tribunal supported the allowance of depreciation on motor cars, following a decision of the Madras High Court, and dismissed the revenue's appeal on both grounds. Case-Laws Income Tax Mon, 27 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70716