https://www.taxtmi.com/caselaws?id=276743 The court ruled against the assessee's claim for depreciation allowances on diesel engines in a bus service business, aligning with the Bombay High Court's interpretation that machinery should be considered as a unit for depreciation purposes. The court rejected the inclusion of diesel engines as machinery for depreciation allowances, emphasizing that allowances are for the entire unit of machinery or plant, not individual parts. The decision upheld the Tribunal and Department's rejection of the claim, ordering the assessee to pay the Department's costs. en-us Wed, 07 Sep 1960 00:00:00 +0530 Fri, 16 Nov 2018 16:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276743 The court ruled against the assessee's claim for depreciation allowances on diesel engines in a bus service business, aligning with the Bombay High Court's interpretation that machinery should be considered as a unit for depreciation purposes. The court rejected the inclusion of diesel engines as machinery for depreciation allowances, emphasizing that allowances are for the entire unit of machinery or plant, not individual parts. The decision upheld the Tribunal and Department's rejection of the claim, ordering the assessee to pay the Department's costs. Case-Laws Income Tax Wed, 07 Sep 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276743