https://www.taxtmi.com/caselaws?id=13032 The High Court ruled against the assessee, denying entitlement to investment allowance under section 32A for road construction. The court held that road construction does not constitute manufacturing, aligning with the precedent set in CIT v. N. C. Budharaja and Co. The court dismissed the relevance of cases cited by the assessee, emphasizing they did not address the core issue. The judgment underscores the importance of legal principles and relevant case law in determining eligibility for investment allowance in construction activities. en-us Mon, 06 Aug 2001 00:00:00 +0530 Tue, 26 May 2009 10:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13032 The High Court ruled against the assessee, denying entitlement to investment allowance under section 32A for road construction. The court held that road construction does not constitute manufacturing, aligning with the precedent set in CIT v. N. C. Budharaja and Co. The court dismissed the relevance of cases cited by the assessee, emphasizing they did not address the core issue. The judgment underscores the importance of legal principles and relevant case law in determining eligibility for investment allowance in construction activities. Case-Laws Income Tax Mon, 06 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13032