https://www.taxtmi.com/caselaws?id=20496 HC held that electric meters installed by the assessee, an electric supply undertaking, at consumers' residential or office premises do not constitute "plant and machinery installed in residential or office accommodation" within s.33(6) of the Income-tax Act. Meters are merely adjuncts to the supply line for measuring consumption and are not for use in the residence or office as such. Consequently, s.33(6) is inapplicable and the assessee is entitled to development rebate on the cost of such meters regardless of their location. The HC further clarified that decisions of one HC are not binding on another, and beneficial interpretation applies only where the court itself finds genuine statutory ambiguity. en-us Thu, 22 Apr 1993 00:00:00 +0530 Fri, 12 Dec 2025 00:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20496 HC held that electric meters installed by the assessee, an electric supply undertaking, at consumers' residential or office premises do not constitute "plant and machinery installed in residential or office accommodation" within s.33(6) of the Income-tax Act. Meters are merely adjuncts to the supply line for measuring consumption and are not for use in the residence or office as such. Consequently, s.33(6) is inapplicable and the assessee is entitled to development rebate on the cost of such meters regardless of their location. The HC further clarified that decisions of one HC are not binding on another, and beneficial interpretation applies only where the court itself finds genuine statutory ambiguity. Case-Laws Income Tax Thu, 22 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20496