C.I.T. ANDHRA PRADESH vs M/S TAJ MAHAL HOTEL, SECUNDERABAD

The Supreme Court held that sanitary and pipeline fittings in a hotel qualify as 'plant' under Section 10(2)(vi-b) of the Income-tax Act, 1922, entitling the assessee to a development rebate. The Court emphasized that the term 'plant' should be interpreted in its popular sense, which includes items essential for the business, such as fittings that enhance customer experience and profitability. The appeal against the High Court's ruling in favor of the assessee was dismissed, affirming the lower court's interpretation of the statute.