https://www.taxtmi.com/caselaws?id=12002 The court held that railway siding and locomotives qualify as "plant" and are eligible for investment allowance under section 32A and additional depreciation under section 32(1)(iia). The court emphasized that the exclusion of "road transport vehicles" does not apply to railway transport vehicles, as they are distinct modes of transport. The decision favored the assessee, concluding that railway siding and locomotives are integral to business operations and meet the criteria for both investment allowance and additional depreciation. en-us Fri, 17 Jan 2003 00:00:00 +0530 Sun, 14 Feb 2010 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12002 The court held that railway siding and locomotives qualify as "plant" and are eligible for investment allowance under section 32A and additional depreciation under section 32(1)(iia). The court emphasized that the exclusion of "road transport vehicles" does not apply to railway transport vehicles, as they are distinct modes of transport. The decision favored the assessee, concluding that railway siding and locomotives are integral to business operations and meet the criteria for both investment allowance and additional depreciation. Case-Laws Income Tax Fri, 17 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12002