https://www.taxtmi.com/caselaws?id=274720 Fitting a new diesel engine into an existing lorry was treated as installation of machinery for purposes of development rebate and extra depreciation under the Indian Income-tax Act, 1922. The analysis notes that statutory allowances depended on new machinery or plant being installed, that "plant" includes vehicles, and that a diesel engine remains machinery even when fitted as an integral part of a vehicle. Applying the same meaning to "machinery" and "installation" across the relevant clauses, the text concludes that inserting a new engine into a lorry falls within the statutory language, making disallowance of the allowances incorrect. en-us Thu, 01 Feb 1962 00:00:00 +0530 Thu, 30 Aug 2018 15:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274720 Fitting a new diesel engine into an existing lorry was treated as installation of machinery for purposes of development rebate and extra depreciation under the Indian Income-tax Act, 1922. The analysis notes that statutory allowances depended on new machinery or plant being installed, that "plant" includes vehicles, and that a diesel engine remains machinery even when fitted as an integral part of a vehicle. Applying the same meaning to "machinery" and "installation" across the relevant clauses, the text concludes that inserting a new engine into a lorry falls within the statutory language, making disallowance of the allowances incorrect. Case-Laws Income Tax Thu, 01 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274720