https://www.taxtmi.com/caselaws?id=10503 The High Court of Allahabad ruled against the assessee's claim for investment allowance on tractors and trollies used in construction projects, considering them not eligible as road transport vehicles under section 32A of the Income-tax Act, 1961. The court cited a precedent that investment allowance does not apply to construction activities like building dams or canals, leading to the rejection of the claim. The judgment favored the Revenue, denying the investment allowance for tractors and trollies. en-us Tue, 28 Sep 2004 00:00:00 +0530 Thu, 16 Jul 2009 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10503 The High Court of Allahabad ruled against the assessee's claim for investment allowance on tractors and trollies used in construction projects, considering them not eligible as road transport vehicles under section 32A of the Income-tax Act, 1961. The court cited a precedent that investment allowance does not apply to construction activities like building dams or canals, leading to the rejection of the claim. The judgment favored the Revenue, denying the investment allowance for tractors and trollies. Case-Laws Income Tax Tue, 28 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10503