https://www.taxtmi.com/caselaws?id=18694 A tube-well installed for business use and employed to draw water needed for production and industrial labour falls within the wide meaning of "plant" under section 43(3) of the Income-tax Act, 1961. On that basis, the assessee was entitled to investment allowance on the cost of the tube-well. The stated ratio is that a tube-well used in business for production-related purposes qualifies as plant for income-tax purposes. en-us Thu, 14 Dec 1995 00:00:00 +0530 Sat, 31 Oct 2009 13:39:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18694 A tube-well installed for business use and employed to draw water needed for production and industrial labour falls within the wide meaning of "plant" under section 43(3) of the Income-tax Act, 1961. On that basis, the assessee was entitled to investment allowance on the cost of the tube-well. The stated ratio is that a tube-well used in business for production-related purposes qualifies as plant for income-tax purposes. Case-Laws Income Tax Thu, 14 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18694