Kerala High Court: Fire-fighting truck qualifies for investment allowance

The High Court of Kerala upheld the decision in favor of the assessee, ruling that a truck used for fire-fighting equipment qualifies for investment allowance. The court agreed with the Tribunal that the truck's purpose for quick mobility of equipment distinguishes it from a regular transport vehicle, dismissing the petition against the assessing authority's denial of the claim.

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The High Court of Kerala held that a truck used for fire-fighting equipment is entitled to investment allowance. The assessing authority denied the claim, but the Commissioner (Appeals) and the Tribunal ruled in favor of the assessee. The court agreed with the Tribunal's decision, stating that the truck is essential for quick mobility of the equipment and cannot be treated as a normal transport vehicle. The petition was dismissed.

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