1996 (7) TMI 110 - HC - Income Tax

Summary

The High Court of Patna ruled in favor of the assessee regarding the eligibility of investment allowance on the cost of new dumpers. The court held that dumpers do not qualify as road transport vehicles under Section 32A(1)(b). The Revenue's reference application was not pressed, and no costs were awarded. (Case: 1996 (7) TMI 110 - PATNA High Court)