https://www.taxtmi.com/caselaws?id=71527 The Tribunal ruled in favor of the assessee, holding that the central subsidy received could not be deducted from the actual cost of plant and machinery. Additionally, the Tribunal determined that the assessee's mining activities, including extracting ore, qualified as production, entitling them to investment allowance under section 32A of the Income-tax Act. The Tribunal emphasized that mining activities constituted production under the relevant provisions, distinguishing previous decisions and concluding that the transformation of crude ore into a commercially different product met the criteria for production. As a result, the appeal by the revenue was dismissed. en-us Thu, 20 Mar 1997 00:00:00 +0530 Mon, 25 Apr 2011 14:26:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71527 The Tribunal ruled in favor of the assessee, holding that the central subsidy received could not be deducted from the actual cost of plant and machinery. Additionally, the Tribunal determined that the assessee's mining activities, including extracting ore, qualified as production, entitling them to investment allowance under section 32A of the Income-tax Act. The Tribunal emphasized that mining activities constituted production under the relevant provisions, distinguishing previous decisions and concluding that the transformation of crude ore into a commercially different product met the criteria for production. As a result, the appeal by the revenue was dismissed. Case-Laws Income Tax Thu, 20 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71527