https://www.taxtmi.com/caselaws?id=62773 The Tribunal held that the assessee-company, engaged in developing and printing photographs, qualified for investment allowance under section 32A as its activities amounted to manufacturing. The Tribunal allowed the company to create the statutory reserve in subsequent profitable years, dismissed the Department's argument on the Eleventh Schedule's prohibitions, and admitted the new ground of appeal regarding the company's small-scale industrial status. Ultimately, the Tribunal upheld the assessee's claim for investment allowance, resulting in the Department's appeal being dismissed. en-us Tue, 26 May 1998 00:00:00 +0530 Thu, 20 Jun 2013 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62773 The Tribunal held that the assessee-company, engaged in developing and printing photographs, qualified for investment allowance under section 32A as its activities amounted to manufacturing. The Tribunal allowed the company to create the statutory reserve in subsequent profitable years, dismissed the Department's argument on the Eleventh Schedule's prohibitions, and admitted the new ground of appeal regarding the company's small-scale industrial status. Ultimately, the Tribunal upheld the assessee's claim for investment allowance, resulting in the Department's appeal being dismissed. Case-Laws Income Tax Tue, 26 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62773