https://www.taxtmi.com/caselaws?id=49248 Replacement of petrol engines with diesel engines in buses was treated as installation of new machinery or plant for development rebate purposes where the statutory condition required new machinery installed after a specified date. The Court applied the same construction previously given to the corresponding provision, and held that substantially similar language should bear the same meaning. On that basis, engine replacement satisfied the statutory requirement for allowance under section 10(2)(vib) of the Indian Income-tax Act, 1922, and the assessee was entitled to the rebate. 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 Replacement of petrol engines with diesel engines in buses was treated as installation of new machinery or plant for development rebate purposes where the statutory condition required new machinery installed after a specified date. The Court applied the same construction previously given to the corresponding provision, and held that substantially similar language should bear the same meaning. On that basis, engine replacement satisfied the statutory requirement for allowance under section 10(2)(vib) of the Indian Income-tax Act, 1922, and the assessee was entitled to the rebate. Case-Laws Income Tax Fri, 10 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49248