Plant - Definition / Legal Terminology - Income Tax

Plant In sections 28 to 41 and in section 43(3) of the Income tax Act 1961, unless the context otherwise requires- plant includes - ships, vehicles, books, scientific apparatus and surgical equipment used for the purposes of the business or profession but does not include tea bushes or livestock or buildings or furniture and fittings Explanation.(i) -For the purposes of section 44BB of the Income tax Act 1931,- plant includes- ships, aircraft, vehicles, drilling units, scientific apparatus and equipment, used for the purposes of the said business;