https://www.taxtmi.com/caselaws?id=70815 Refining of edible and non-edible oils through degumming, neutralisation, bleaching and deodorization was held to be processing rather than manufacture or production because the raw material did not undergo a change in its essential nature. The decisive test applied was whether the essential character of the oil was transformed; as that test was not met, the activity did not satisfy the basic requirement for investment allowance. On that basis, the assessee was not entitled to the allowance and the departmental appeal succeeded. en-us Sat, 27 Aug 1983 00:00:00 +0530 Tue, 19 Apr 2011 14:02:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70815 Refining of edible and non-edible oils through degumming, neutralisation, bleaching and deodorization was held to be processing rather than manufacture or production because the raw material did not undergo a change in its essential nature. The decisive test applied was whether the essential character of the oil was transformed; as that test was not met, the activity did not satisfy the basic requirement for investment allowance. On that basis, the assessee was not entitled to the allowance and the departmental appeal succeeded. Case-Laws Income Tax Sat, 27 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70815