https://www.taxtmi.com/caselaws?id=168335 The Court ruled in favor of the assessee, confirming their entitlement to investment allowance under section 32A(2)(b)(iii) for machinery used in coal excavation. The Court held that the assessee's activities qualified as production, making them eligible for the investment allowance. Regarding the issue of interest under section 139(8), the Court remanded the matter to the Tribunal for further factual determination in line with the Supreme Court's decision in Ganesh Dass Sreeram v. ITO. No costs were awarded in this decision. en-us Fri, 09 Jul 1993 00:00:00 +0530 Sat, 21 Feb 2015 10:16:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168335 The Court ruled in favor of the assessee, confirming their entitlement to investment allowance under section 32A(2)(b)(iii) for machinery used in coal excavation. The Court held that the assessee's activities qualified as production, making them eligible for the investment allowance. Regarding the issue of interest under section 139(8), the Court remanded the matter to the Tribunal for further factual determination in line with the Supreme Court's decision in Ganesh Dass Sreeram v. ITO. No costs were awarded in this decision. Case-Laws Income Tax Fri, 09 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168335