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TAX Q5 5. Although the Income Tax Act, 1967 does not provide any definition of the term plant and machinery, the definition given by case

TAX Q5

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5. Although the Income Tax Act, 1967 does not provide any definition of the term "plant and machinery", the definition given by case law stands as its legal definition. Describe how "plant and machinery" is identified in case law. [8 marks]

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