1986 (8) TMI 45 - HC - Income Tax

Summary

The High Court of Allahabad directed the Income-tax Appellate Tribunal to refer two questions of law regarding investment allowance under section 32A of the Income-tax Act to the court for its opinion. The questions relate to whether a tractor qualifies as a road transport vehicle and the correct application of the investment allowance provisions. The assessee did not oppose the application.