https://www.taxtmi.com/caselaws?id=184452 Roller bearing spindles fitted into ring-frames were treated as machinery for development rebate purposes under section 10(2)(vib) of the Indian Income-tax Act, 1922. The controlling principle was that "machinery" and "installed" are to be understood in their ordinary sense, and a component of an integrated machine need not function as a separate self-contained unit to qualify. Because the spindle assembly, once fitted, formed a working unit for spinning, the fact that it could not run independently did not exclude it from the allowance. Expenditure on purchase and substitution of old spindles therefore fell within the rebate provision. en-us Tue, 18 Aug 1964 00:00:00 +0530 Sat, 09 Jul 2016 10:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184452 Roller bearing spindles fitted into ring-frames were treated as machinery for development rebate purposes under section 10(2)(vib) of the Indian Income-tax Act, 1922. The controlling principle was that "machinery" and "installed" are to be understood in their ordinary sense, and a component of an integrated machine need not function as a separate self-contained unit to qualify. Because the spindle assembly, once fitted, formed a working unit for spinning, the fact that it could not run independently did not exclude it from the allowance. Expenditure on purchase and substitution of old spindles therefore fell within the rebate provision. Case-Laws Income Tax Tue, 18 Aug 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184452