High Court directs Tribunal to refer questions on investment allowance under Income-tax Act section 32A.

The High Court directed the Income-tax Appellate Tribunal to refer questions of law concerning investment allowance under section 32A of the Income-tax Act. The questions pertain to whether a tractor is considered a road transport vehicle and the proper application of investment allowance provisions. The assessee did not contest the referral.

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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.

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