https://www.taxtmi.com/caselaws?id=213422 The Court ruled in favor of the assessee, holding that the manufactured rectified spirit and denatured spirit do not fall under the Eleventh Schedule of the Income Tax Act, 1961. The assessee was deemed entitled to investment allowance under Section 32A and deduction under Section 32AB for the relevant assessment years. The Court emphasized that the primary activity of the assessee was manufacturing non-potable spirits, and occasional production of arrack did not disqualify them from claiming investment allowance. The cases were disposed of in favor of the assessee, with no order as to costs. en-us Fri, 27 Jan 2012 00:00:00 +0530 Fri, 25 Jan 2013 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213422 The Court ruled in favor of the assessee, holding that the manufactured rectified spirit and denatured spirit do not fall under the Eleventh Schedule of the Income Tax Act, 1961. The assessee was deemed entitled to investment allowance under Section 32A and deduction under Section 32AB for the relevant assessment years. The Court emphasized that the primary activity of the assessee was manufacturing non-potable spirits, and occasional production of arrack did not disqualify them from claiming investment allowance. The cases were disposed of in favor of the assessee, with no order as to costs. Case-Laws Income Tax Fri, 27 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213422