https://www.taxtmi.com/caselaws?id=14248 The High Court ruled in favor of the assessee, affirming their entitlement to the investment allowance under section 32A for specific equipment used in the manufacturing process. The Court distinguished between construction and manufacturing activities, determining that the assessee's operations qualified as production of an article or thing, making them eligible for the investment allowance. By analyzing relevant precedents and legislative provisions, the Court maintained a fair and consistent application of the law, ultimately dismissing the Revenue's appeal and upholding the assessee's claim for the investment allowance. en-us Thu, 07 Dec 2000 00:00:00 +0530 Tue, 14 Jul 2009 16:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14248 The High Court ruled in favor of the assessee, affirming their entitlement to the investment allowance under section 32A for specific equipment used in the manufacturing process. The Court distinguished between construction and manufacturing activities, determining that the assessee's operations qualified as production of an article or thing, making them eligible for the investment allowance. By analyzing relevant precedents and legislative provisions, the Court maintained a fair and consistent application of the law, ultimately dismissing the Revenue's appeal and upholding the assessee's claim for the investment allowance. Case-Laws Income Tax Thu, 07 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14248