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2003 (9) TMI 63 - ALLAHABAD HIGH COURTInvestment allowance - expression "road transport vehicles" -"1. Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the tractor was not a road transport vehicle? - 2. Whether the Tribunal was legally correct in directing the Inspecting Assistant Commissioner of Income-tax (Asst.) that the investment allowance should be allowed to the assessee according to the provisions of section 32A?" - In our opinion the words "road transport vehicle" as used in common parlance refer to buses, trucks, taxis, etc., but would certainly not include tractors. - For the reasons given above, the question referred to us is answered in the affirmative, that is in favour of the assessee and against the Department.
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