Law:

Section:

Section 32A, read with section 256 of the Income-tax Act, 1961 - Investment allowance - Tribunal held that tractor was not road transport vehicle and that investment allowance should be allowed on actual cost of tractor to assessee - Whether question of law arose from aforesaid order of Tribunal - Held, yes FACTS The Tribunal held that the tractor was not a road transport vehicle and that investment allowance under section 32A should be allowed on the actual cost of the tractor to the assessee. On application under section 256(2): HELD The question of law did arise from the Tribunal's order. Bharatji Agarwal for the Applicant. JUDGMENT Having heard, counsel for the applicant, we are of the opinion that the following two questions are questions of law arising out of the appellate order of the Income-tax Appellate Tribunal: "(1)Whether, on the facts and in the…

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