https://www.taxtmi.com/caselaws?id=49248 The Supreme Court dismissed the appeal concerning the interpretation of section 10(2)(vib) of the Indian Income-tax Act, which mandates new machinery or plant for allowance. This ruling aligned with a prior case where engine replacements were deemed eligible for allowance under a comparable provision. en-us Fri, 10 Dec 1965 00:00:00 +0530 Thu, 30 Aug 2018 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49248 The Supreme Court dismissed the appeal concerning the interpretation of section 10(2)(vib) of the Indian Income-tax Act, which mandates new machinery or plant for allowance. This ruling aligned with a prior case where engine replacements were deemed eligible for allowance under a comparable provision. Case-Laws Income Tax Fri, 10 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49248