https://www.taxtmi.com/caselaws?id=193234 Machinery or plant qualifying under the development rebate provision had to be new, installed after the relevant date, and wholly used for the business carried on by the assessee. The expression "wholly used" was treated as distinct from "exclusively used", especially where the same provision elsewhere used both words together. Assets used in their entirety in the tea business and also, when spare, in coffee cultivation were still regarded as wholly used for the assessee's business. The fact that the coffee income was agricultural income did not by itself defeat the statutory condition, because the decisive question was the nature of the asset's user in the business. en-us Thu, 13 Aug 1964 00:00:00 +0530 Wed, 19 Jul 2017 13:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193234 Machinery or plant qualifying under the development rebate provision had to be new, installed after the relevant date, and wholly used for the business carried on by the assessee. The expression "wholly used" was treated as distinct from "exclusively used", especially where the same provision elsewhere used both words together. Assets used in their entirety in the tea business and also, when spare, in coffee cultivation were still regarded as wholly used for the assessee's business. The fact that the coffee income was agricultural income did not by itself defeat the statutory condition, because the decisive question was the nature of the asset's user in the business. Case-Laws Income Tax Thu, 13 Aug 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193234