https://www.taxtmi.com/caselaws?id=39403 The expression 'plant' was treated as having wide import and was applied to air-conditioning equipment installed in a safe deposit vault because it functioned as apparatus used in the business, not merely as part of the setting. Relief under the dividend provisions was also held to extend to the gross dividends, without deduction of interest or administrative expenses, following binding Division Bench precedent. The article therefore states that business-serving installations may qualify as plant for income-tax purposes and that dividend relief may be computed on the full dividend where precedent so requires. en-us Wed, 25 Jun 1975 00:00:00 +0530 Fri, 16 Apr 2010 12:32:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39403 The expression 'plant' was treated as having wide import and was applied to air-conditioning equipment installed in a safe deposit vault because it functioned as apparatus used in the business, not merely as part of the setting. Relief under the dividend provisions was also held to extend to the gross dividends, without deduction of interest or administrative expenses, following binding Division Bench precedent. The article therefore states that business-serving installations may qualify as plant for income-tax purposes and that dividend relief may be computed on the full dividend where precedent so requires. Case-Laws Income Tax Wed, 25 Jun 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39403