https://www.taxtmi.com/caselaws?id=10309 The High Court of MADRAS addressed whether mining granite, cutting, and exporting it after polishing qualified as manufacturing for investment allowance under section 32A of the Income-tax Act, 1961. The court emphasized that merely cutting and polishing granite did not constitute manufacturing under section 32A. It directed the Tribunal to examine if additional manufacturing processes were involved beyond cutting and polishing to determine eligibility for the investment allowance. The court allowed the Revenue to challenge the activities if they did not meet the manufacturing criteria, returning the reference for further assessment by the Tribunal. en-us Wed, 16 Jun 2004 00:00:00 +0530 Mon, 13 Jul 2009 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10309 The High Court of MADRAS addressed whether mining granite, cutting, and exporting it after polishing qualified as manufacturing for investment allowance under section 32A of the Income-tax Act, 1961. The court emphasized that merely cutting and polishing granite did not constitute manufacturing under section 32A. It directed the Tribunal to examine if additional manufacturing processes were involved beyond cutting and polishing to determine eligibility for the investment allowance. The court allowed the Revenue to challenge the activities if they did not meet the manufacturing criteria, returning the reference for further assessment by the Tribunal. Case-Laws Income Tax Wed, 16 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10309