https://www.taxtmi.com/caselaws?id=55368 Electrical fittings and installations in a factory can qualify as "plant" where, in their wide statutory sense under section 43(3), they function as tools of the trade rather than mere part of the premises. The controlling test is whether the item performs an operative role in the assessee's trading activity. On that reasoning, factory electrical installations necessary for smooth functioning, proper lighting, and efficient operation of machinery were treated as plant, entitling the assessee to development rebate. en-us Thu, 21 Sep 1978 00:00:00 +0530 Fri, 26 Nov 2010 16:24:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55368 Electrical fittings and installations in a factory can qualify as "plant" where, in their wide statutory sense under section 43(3), they function as tools of the trade rather than mere part of the premises. The controlling test is whether the item performs an operative role in the assessee's trading activity. On that reasoning, factory electrical installations necessary for smooth functioning, proper lighting, and efficient operation of machinery were treated as plant, entitling the assessee to development rebate. Case-Laws Income Tax Thu, 21 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55368