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of <h1>Clarification on 'Mainly' in Ninth Schedule: Textiles Need 51% Cotton for Section 32A Investment Allowance Eligibility.</h1> The circular clarifies the interpretation of 'mainly' in Item 21 of the Ninth Schedule of the Income-tax Act, 1961, concerning textiles made wholly or mainly of cotton. For investment allowance eligibility under section 32A, textiles must have a cotton content of at least 51%, determined by the weight of cotton yarn used in the fabric. If the cotton content in any fabric produced is below 51%, the machinery used cannot qualify for investment allowance. This guidance is intended for all income tax officers to ensure consistent application of the law.
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