https://www.taxtmi.com/caselaws?id=7330 Section 10(2)(vib) of the Indian Income-tax Act, 1922 was construed broadly to grant development rebate for new plant and machinery used in business. The court rejected the restrictive view that the allowance was confined to particular industries or only to plant yielding income by direct use. It held that "plant" includes apparatus and appliances kept for permanent employment in the business, and that "installed" covers introduction or placement in position for service or use. Motor cars, jeeps, bicycles, typewriters, office appliances, survey instruments, adometers, electric fans and electric installations were treated as plant used in the assessees' trades, so the claimed rebate was allowable and the disallowance unsustainable. en-us Thu, 25 Jan 1968 00:00:00 +0530 Tue, 17 Feb 2009 20:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7330 Section 10(2)(vib) of the Indian Income-tax Act, 1922 was construed broadly to grant development rebate for new plant and machinery used in business. The court rejected the restrictive view that the allowance was confined to particular industries or only to plant yielding income by direct use. It held that "plant" includes apparatus and appliances kept for permanent employment in the business, and that "installed" covers introduction or placement in position for service or use. Motor cars, jeeps, bicycles, typewriters, office appliances, survey instruments, adometers, electric fans and electric installations were treated as plant used in the assessees' trades, so the claimed rebate was allowable and the disallowance unsustainable. Case-Laws Income Tax Thu, 25 Jan 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7330