Granite block preparation not manufacturing for investment allowance

The High Court of Madras ruled in favor of the Revenue, holding that activities for preparing granite blocks did not amount to manufacturing under section 32A for investment allowance. This decision was based on precedent where a similar question was decided against the assessee.

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The High Court of Madras considered whether activities for preparing granite blocks amounted to manufacturing under section 32A for investment allowance. The court ruled in favor of the Revenue, citing a similar case where the question was answered against the assessee.

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