No development rebate is allowable in respect of Fork-Lift-Trucks as these are "Road Transport Vehicles".

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....13th September, 1973 clarifying that no development rebate is allowable in respect of Fork-Lift-Trucks as these are "Road Transport Vehicles". 2. The Board had examined the question whether Dumpers and Tippers will fall within the category of "Road Transport vehicles" and the opinion of the Ministry of Law on this point was forwarded to Commissioners of Income-tax under Board's letter** F.No. 2....

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.... or internal source and includes a chassis to which a body has not been attached and a trailer; but does not include a vehicle running upon fixed rails or (a vehicle of a special type adapted for use only in a factory or in any other enclosed premises)." A "motor vehicle" is required to be registered with the Transport authorities under the provisions of the Motor Vehicles Act, 1939. The defini....