https://www.taxtmi.com/caselaws?id=55315 The judgment ruled in favor of the assessee, determining their eligibility for investment allowance on tractors and trailers used in their construction business. The court held that the construction activities undertaken qualified as an industrial undertaking under section 32A(2)(b)(iii) of the Income-tax Act, 1961. By referencing relevant case laws and circulars, the court established that tractors and trailers are considered machinery and are eligible for investment allowance, distinguishing them from road transport vehicles. Consequently, the assessee was granted the investment allowance for the tractors and trailers utilized in their construction work. en-us Tue, 24 Jan 1984 00:00:00 +0530 Thu, 25 Nov 2010 14:05:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55315 The judgment ruled in favor of the assessee, determining their eligibility for investment allowance on tractors and trailers used in their construction business. The court held that the construction activities undertaken qualified as an industrial undertaking under section 32A(2)(b)(iii) of the Income-tax Act, 1961. By referencing relevant case laws and circulars, the court established that tractors and trailers are considered machinery and are eligible for investment allowance, distinguishing them from road transport vehicles. Consequently, the assessee was granted the investment allowance for the tractors and trailers utilized in their construction work. Case-Laws Income Tax Tue, 24 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55315