https://www.taxtmi.com/caselaws?id=15985 Machinery used only for dyeing, bleaching and printing art silk cloth already manufactured by others did not qualify as artificial silk manufacturing machinery and plant for the higher depreciation rate. The court held that such processing did not amount to manufacture or production of artificial silk cloth, because the cloth retained its character as textile despite chemical changes. The enhanced 15% depreciation entry applied only to machinery falling within the specified manufacturing category, so the assessee's claim was rejected and the reference was answered against the assessee. en-us Tue, 29 Jun 1999 00:00:00 +0530 Mon, 31 Aug 2009 13:11:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15985 Machinery used only for dyeing, bleaching and printing art silk cloth already manufactured by others did not qualify as artificial silk manufacturing machinery and plant for the higher depreciation rate. The court held that such processing did not amount to manufacture or production of artificial silk cloth, because the cloth retained its character as textile despite chemical changes. The enhanced 15% depreciation entry applied only to machinery falling within the specified manufacturing category, so the assessee's claim was rejected and the reference was answered against the assessee. Case-Laws Income Tax Tue, 29 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15985