https://www.taxtmi.com/caselaws?id=17287 The High Court ruled in favor of the Revenue, holding that "road transport vehicles" such as motor cars used by an industrial undertaking are not entitled to investment allowance under section 32A of the Income-tax Act, 1961. The court emphasized the need to uphold the plain language of the law and concluded that the intention of Parliament was to exclude such vehicles from investment allowance benefits. Therefore, the court denied the assessee's claim for investment allowance on motor cars, affirming the decisions of the lower authorities. en-us Tue, 01 Jul 1997 00:00:00 +0530 Mon, 21 Sep 2009 13:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17287 The High Court ruled in favor of the Revenue, holding that "road transport vehicles" such as motor cars used by an industrial undertaking are not entitled to investment allowance under section 32A of the Income-tax Act, 1961. The court emphasized the need to uphold the plain language of the law and concluded that the intention of Parliament was to exclude such vehicles from investment allowance benefits. Therefore, the court denied the assessee's claim for investment allowance on motor cars, affirming the decisions of the lower authorities. Case-Laws Income Tax Tue, 01 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17287