https://www.taxtmi.com/caselaws?id=49371 A diesel engine purchased and fitted into a motor vehicle was treated as machinery for depreciation purposes under section 10(2)(vi) and section 10(2)(via) of the Indian Income-tax Act, 1922. The majority held that "machinery" must be given its ordinary meaning, and that replacing an existing engine did not prevent the diesel engine from being newly installed for business use. Fixing the engine in the vehicle satisfied the requirement of installation, and the statutory context did not justify narrowing machinery to a self-contained unit. Extra depreciation was therefore admissible in favour of the assessee. 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 A diesel engine purchased and fitted into a motor vehicle was treated as machinery for depreciation purposes under section 10(2)(vi) and section 10(2)(via) of the Indian Income-tax Act, 1922. The majority held that "machinery" must be given its ordinary meaning, and that replacing an existing engine did not prevent the diesel engine from being newly installed for business use. Fixing the engine in the vehicle satisfied the requirement of installation, and the statutory context did not justify narrowing machinery to a self-contained unit. Extra depreciation was therefore admissible in favour of the assessee. Case-Laws Income Tax Fri, 24 Apr 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49371