https://www.taxtmi.com/caselaws?id=9463 The High Court of Gujarat ruled in favor of a public limited company, affirming its entitlement to investment allowance on both a drainage and sewerage network and tractor-trailers within its factory premises. The Court upheld the Tribunal's decisions, determining that the drainage and sewerage network, essential for waste handling, and the tractor-trailers used for material transportation qualified as plant and machinery eligible for investment allowance under section 32A of the Income-tax Act. The judgment emphasized the functional roles of the equipment and referenced legal precedents to support the conclusions. en-us Thu, 10 Mar 2005 00:00:00 +0530 Tue, 23 Jun 2009 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9463 The High Court of Gujarat ruled in favor of a public limited company, affirming its entitlement to investment allowance on both a drainage and sewerage network and tractor-trailers within its factory premises. The Court upheld the Tribunal's decisions, determining that the drainage and sewerage network, essential for waste handling, and the tractor-trailers used for material transportation qualified as plant and machinery eligible for investment allowance under section 32A of the Income-tax Act. The judgment emphasized the functional roles of the equipment and referenced legal precedents to support the conclusions. Case-Laws Income Tax Thu, 10 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9463