https://www.taxtmi.com/caselaws?id=171289 For depreciation purposes, "machinery" was given its ordinary meaning, and a diesel engine fixed in a motor vehicle was treated as machinery newly installed even though it replaced an existing engine. The majority held that the depreciation provisions did not require a narrow construction limiting machinery to a self-contained unit, and the statutory reference to plant and vehicles did not cut down that ordinary meaning. The replacement engine therefore satisfied the conditions for additional allowance, reflecting the provision's purpose of encouraging modernisation. A dissenting view treated the change as mere substitution of one part of an existing machine and would have denied the allowance. en-us Fri, 24 Apr 1964 00:00:00 +0530 Wed, 15 Jul 2015 17:02:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171289 For depreciation purposes, "machinery" was given its ordinary meaning, and a diesel engine fixed in a motor vehicle was treated as machinery newly installed even though it replaced an existing engine. The majority held that the depreciation provisions did not require a narrow construction limiting machinery to a self-contained unit, and the statutory reference to plant and vehicles did not cut down that ordinary meaning. The replacement engine therefore satisfied the conditions for additional allowance, reflecting the provision's purpose of encouraging modernisation. A dissenting view treated the change as mere substitution of one part of an existing machine and would have denied the allowance. Case-Laws Income Tax Fri, 24 Apr 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171289