https://www.taxtmi.com/caselaws?id=15631 A tractor used in agricultural operations was treated as eligible machinery, because it is a motor vehicle but not a transport vehicle. Following the earlier Division Bench view, the Court held that this characterisation did not exclude tractors from the statutory benefits claimed. On that basis, tractors used as agricultural machinery qualified for additional depreciation, and the same reasoning supported investment allowance on tractors and related agricultural machinery. The reference was therefore answered in favour of the assessee on both questions. en-us Thu, 25 Mar 1999 00:00:00 +0530 Wed, 26 Aug 2009 15:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15631 A tractor used in agricultural operations was treated as eligible machinery, because it is a motor vehicle but not a transport vehicle. Following the earlier Division Bench view, the Court held that this characterisation did not exclude tractors from the statutory benefits claimed. On that basis, tractors used as agricultural machinery qualified for additional depreciation, and the same reasoning supported investment allowance on tractors and related agricultural machinery. The reference was therefore answered in favour of the assessee on both questions. Case-Laws Income Tax Thu, 25 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15631