Dumpers not eligible for investment allowance as road transport vehicles under Section 32A(1)(b)

The High Court of Patna ruled in favor of the assessee, holding that dumpers do not qualify for investment allowance as road transport vehicles under Section 32A(1)(b). The Revenue's reference application was not pursued, and no costs were awarded.

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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)

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