https://www.taxtmi.com/caselaws?id=168444 A concrete dry dock may qualify as plant where, viewed as an integrated functional unit, it actively separates ships from water, holds them in position and enables repairs, rather than merely providing premises for the trade. Necessary excavation undertaken before the dry dock can be installed and used may constitute expenditure on the provision of plant because it is directly connected with making the plant available for trade use. On this analysis, both the dry dock and associated excavation fall within the machinery-and-plant allowance regime rather than the lower industrial-building allowance. A dissenting view treated the concrete basin and works as trade premises rather than plant. en-us Tue, 21 Jan 1969 00:00:00 +0530 Mon, 02 Mar 2015 17:52:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168444 A concrete dry dock may qualify as plant where, viewed as an integrated functional unit, it actively separates ships from water, holds them in position and enables repairs, rather than merely providing premises for the trade. Necessary excavation undertaken before the dry dock can be installed and used may constitute expenditure on the provision of plant because it is directly connected with making the plant available for trade use. On this analysis, both the dry dock and associated excavation fall within the machinery-and-plant allowance regime rather than the lower industrial-building allowance. A dissenting view treated the concrete basin and works as trade premises rather than plant. Case-Laws Income Tax Tue, 21 Jan 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168444