https://www.taxtmi.com/caselaws?id=12564 The High Court directed the Tribunal to reexamine whether the assessee-company qualifies for investment allowance under section 32A of the Income-tax Act, emphasizing the need to determine if the company used its own manufactured materials in construction activities. The Court instructed a fresh hearing to allow the assessee to present evidence supporting its claim of manufacturing components for construction projects, highlighting the distinction between laying foundations and manufacturing components. The Tribunal was tasked with conducting a thorough inquiry and making a decision based on the specific facts and circumstances of the case. en-us Tue, 11 Jun 2002 00:00:00 +0530 Wed, 20 May 2009 12:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12564 The High Court directed the Tribunal to reexamine whether the assessee-company qualifies for investment allowance under section 32A of the Income-tax Act, emphasizing the need to determine if the company used its own manufactured materials in construction activities. The Court instructed a fresh hearing to allow the assessee to present evidence supporting its claim of manufacturing components for construction projects, highlighting the distinction between laying foundations and manufacturing components. The Tribunal was tasked with conducting a thorough inquiry and making a decision based on the specific facts and circumstances of the case. Case-Laws Income Tax Tue, 11 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12564