https://www.taxtmi.com/caselaws?id=5061 Reconditioned machinery was examined for eligibility as "new" machinery for initial and additional depreciation under section 10(2)(via) of the Income-tax Act, 1922. The term "new" was read in its ordinary sense as something not previously existing or used, while the real enquiry was whether the reconditioning amounted to reconstruction or substitution of substantially the whole machinery. Because the record did not contain essential facts on the extent of prior use, improvements, dates of manufacture, and the nature and cost of modifications, the question could not be finally determined on the existing material and a supplementary statement of the case was required. en-us Tue, 14 Mar 1967 00:00:00 +0530 Wed, 19 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5061 Reconditioned machinery was examined for eligibility as "new" machinery for initial and additional depreciation under section 10(2)(via) of the Income-tax Act, 1922. The term "new" was read in its ordinary sense as something not previously existing or used, while the real enquiry was whether the reconditioning amounted to reconstruction or substitution of substantially the whole machinery. Because the record did not contain essential facts on the extent of prior use, improvements, dates of manufacture, and the nature and cost of modifications, the question could not be finally determined on the existing material and a supplementary statement of the case was required. Case-Laws Income Tax Tue, 14 Mar 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5061