https://www.taxtmi.com/caselaws?id=192542 A water storage tank used in a water-supply business was examined for depreciation as "plant" under section 10(2)(vi) of the Indian Income-tax Act, 1922 read with rule 8. The term "plant" was treated as an apparatus or instrument employed in carrying on business, especially in a manufacturing or industrial setting, and was not extended to a mere container for stock-in-trade. References to reservoirs in the salt-works schedule entries were confined to industrial apparatus and did not justify a wider reading. The tank was therefore not "plant", and depreciation was not allowable. en-us Tue, 19 Sep 1961 00:00:00 +0530 Mon, 05 Jun 2017 16:37:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192542 A water storage tank used in a water-supply business was examined for depreciation as "plant" under section 10(2)(vi) of the Indian Income-tax Act, 1922 read with rule 8. The term "plant" was treated as an apparatus or instrument employed in carrying on business, especially in a manufacturing or industrial setting, and was not extended to a mere container for stock-in-trade. References to reservoirs in the salt-works schedule entries were confined to industrial apparatus and did not justify a wider reading. The tank was therefore not "plant", and depreciation was not allowable. Case-Laws Income Tax Tue, 19 Sep 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192542