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<h1>High Court directs Tribunal to refer depreciation on leased trucks issue.</h1> The High Court of Delhi allowed the Revenue's application under section 256(2) of the Income-tax Act, 1961. The Tribunal was directed to refer the ... Depreciation, Trucks, Motor Lorry The High Court of Delhi allowed the application under section 256(2) of the Income-tax Act, 1961, filed by the Revenue. The Tribunal was directed to draw up a statement of case and refer the question of law regarding the allowance of depreciation on trucks given on lease for the opinion of the High Court. The Court found that the question does arise as a question of law from the appellate order of the Tribunal.
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