1994 (11) TMI 108 - HC - Income Tax

Summary

The High Court of Kerala held that a truck used for fire-fighting equipment is entitled to investment allowance. The assessing authority denied the claim, but the Commissioner (Appeals) and the Tribunal ruled in favor of the assessee. The court agreed with the Tribunal's decision, stating that the truck is essential for quick mobility of the equipment and cannot be treated as a normal transport vehicle. The petition was dismissed.