1999 (3) TMI 45

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..... under section 256(1) of the Income-tax Act, 1961, are as follows : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that tractors used as agricultural machinery is entitled to additional depreciation ? 2. Whether, on the facts and in the circumstances of the case and when the tractors and agricultural machinery were used as agricultural machin .....

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..... t be a transport vehicle under section 2(47) of the Motor Vehicles Act. The investment allowance would be admissible for tractors under section 32A of the Income-tax Act. After having heard learned counsel for the Revenue we hardly find any good reason to take any different view in the matter from that which has been taken by the Division Bench of this court in Income-tax Reference No. 3 of 1997 .....

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