https://www.taxtmi.com/caselaws?id=49371 The Supreme Court, concurring with the High Court, allowed the assessee to claim extra depreciation for replacing petrol engines with diesel engines in buses. The Court held that diesel engines qualify as machinery, and their installation constitutes qualifying for extra depreciation under the relevant provisions of the Indian Income-tax Act, 1922. The appeal was dismissed with costs, affirming the assessee's entitlement to the claimed depreciation. Justice Shah dissented, arguing that the replacement of engines does not constitute the installation of new machinery eligible for extra depreciation. en-us Fri, 24 Apr 1964 00:00:00 +0530 Sat, 23 Aug 2014 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49371 The Supreme Court, concurring with the High Court, allowed the assessee to claim extra depreciation for replacing petrol engines with diesel engines in buses. The Court held that diesel engines qualify as machinery, and their installation constitutes qualifying for extra depreciation under the relevant provisions of the Indian Income-tax Act, 1922. The appeal was dismissed with costs, affirming the assessee's entitlement to the claimed depreciation. Justice Shah dissented, arguing that the replacement of engines does not constitute the installation of new machinery eligible for extra depreciation. Case-Laws Income Tax Fri, 24 Apr 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49371