https://www.taxtmi.com/caselaws?id=22210 For investment allowance under section 32A of the Income-tax Act, the term "plant" in section 43(3) is to be given a broad, inclusive construction because the allowance is beneficial and linked to the apparatus used to earn income. The ejusdem generis principle was held inapplicable, since the listed articles in section 43(3) do not form a rigid genus. Applying the functional test, an item qualifies as plant if it is essential or reasonably necessary for carrying on the business and serves as an apparatus or means incidental to that activity. On that basis, a storage tank indispensable to oil manufacturing was treated as plant, making it eligible for investment allowance. en-us Tue, 19 Mar 1991 00:00:00 +0530 Tue, 08 Dec 2009 11:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22210 For investment allowance under section 32A of the Income-tax Act, the term "plant" in section 43(3) is to be given a broad, inclusive construction because the allowance is beneficial and linked to the apparatus used to earn income. The ejusdem generis principle was held inapplicable, since the listed articles in section 43(3) do not form a rigid genus. Applying the functional test, an item qualifies as plant if it is essential or reasonably necessary for carrying on the business and serves as an apparatus or means incidental to that activity. On that basis, a storage tank indispensable to oil manufacturing was treated as plant, making it eligible for investment allowance. Case-Laws Income Tax Tue, 19 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22210