https://www.taxtmi.com/caselaws?id=69329 Ginning of cotton was treated as manufacture for investment allowance under section 32A because the process converted raw cotton into a distinct commercially marketable commodity, namely ginned cotton. The material distinction between the raw input and the finished product meant the activity was more than mere processing, so the statutory condition of manufacture was satisfied. On that basis, withdrawal of the allowance under section 263 was not justified and the investment allowance was restored. en-us Wed, 29 Apr 1981 00:00:00 +0530 Wed, 06 Apr 2011 12:28:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69329 Ginning of cotton was treated as manufacture for investment allowance under section 32A because the process converted raw cotton into a distinct commercially marketable commodity, namely ginned cotton. The material distinction between the raw input and the finished product meant the activity was more than mere processing, so the statutory condition of manufacture was satisfied. On that basis, withdrawal of the allowance under section 263 was not justified and the investment allowance was restored. Case-Laws Income Tax Wed, 29 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69329