https://www.taxtmi.com/caselaws?id=6151 The SC held that extraction and processing of iron ore constitutes "production" under section 32A(2)(b)(iii), entitling the assessee to investment allowance under section 32A(1). The Court dismissed the revenue's special leave petitions. The SC noted it was following its earlier precedent and expressly left open the separate question whether the High Court was correct in treating the activity as not amounting to "manufacture." en-us Wed, 17 Nov 2004 00:00:00 +0530 Tue, 23 Sep 2025 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6151 The SC held that extraction and processing of iron ore constitutes "production" under section 32A(2)(b)(iii), entitling the assessee to investment allowance under section 32A(1). The Court dismissed the revenue's special leave petitions. The SC noted it was following its earlier precedent and expressly left open the separate question whether the High Court was correct in treating the activity as not amounting to "manufacture." Case-Laws Income Tax Wed, 17 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6151