https://www.taxtmi.com/caselaws?id=6978 Replacement of petrol engines with diesel engines was treated as capital expenditure because the substitution brought an enduring advantage and formed part of the undertaking's assets, so it was not deductible as revenue expenditure. The diesel engines were also regarded as machinery for development rebate purposes, so rebate was allowable on their cost. However, initial depreciation could not be claimed in addition to development rebate where the statute prohibited both benefits being taken together. en-us Wed, 09 Nov 1966 00:00:00 +0530 Sat, 07 Feb 2009 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6978 Replacement of petrol engines with diesel engines was treated as capital expenditure because the substitution brought an enduring advantage and formed part of the undertaking's assets, so it was not deductible as revenue expenditure. The diesel engines were also regarded as machinery for development rebate purposes, so rebate was allowable on their cost. However, initial depreciation could not be claimed in addition to development rebate where the statute prohibited both benefits being taken together. Case-Laws Income Tax Wed, 09 Nov 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6978