https://www.taxtmi.com/caselaws?id=10674 The High Court of ALLAHABAD ruled in favor of the assessee, holding that the generator used for manufacturing or production purposes qualifies for investment allowance under section 32A of the Income-tax Act, 1961. The Court emphasized the broad interpretation of "business of manufacture" or "production" to include machinery used for manufacturing any article. The investment allowance was deemed admissible, overturning the Revenue's disallowance. en-us Wed, 23 Mar 2005 00:00:00 +0530 Tue, 21 Jul 2009 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10674 The High Court of ALLAHABAD ruled in favor of the assessee, holding that the generator used for manufacturing or production purposes qualifies for investment allowance under section 32A of the Income-tax Act, 1961. The Court emphasized the broad interpretation of "business of manufacture" or "production" to include machinery used for manufacturing any article. The investment allowance was deemed admissible, overturning the Revenue's disallowance. Case-Laws Income Tax Wed, 23 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10674