https://www.taxtmi.com/caselaws?id=238625 The High Court ruled in favor of the assessee, affirming their eligibility for investment allowance under section 32A of the Income-tax Act. The court emphasized that the activities of processing milk and manufacturing by-products constituted manufacturing or production of articles, meeting the criteria for claiming the investment allowance. The court highlighted the transformative nature of the manufacturing process involved in making milk products, distinguishing it from activities that did not qualify as manufacturing under section 32A. en-us Tue, 13 Dec 2011 00:00:00 +0530 Mon, 28 Oct 2013 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238625 The High Court ruled in favor of the assessee, affirming their eligibility for investment allowance under section 32A of the Income-tax Act. The court emphasized that the activities of processing milk and manufacturing by-products constituted manufacturing or production of articles, meeting the criteria for claiming the investment allowance. The court highlighted the transformative nature of the manufacturing process involved in making milk products, distinguishing it from activities that did not qualify as manufacturing under section 32A. Case-Laws Income Tax Tue, 13 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238625