https://www.taxtmi.com/caselaws?id=14375 The Supreme Court clarified that processing activities like bleaching, dyeing, and printing on grey fabric constitute "manufacture" under the Income-tax Act. The Court ruled in favor of the assessee, affirming their eligibility for investment allowance and relief under the Act, based on the interpretation of relevant sections and precedents. The decision emphasized that processed articles resulting from such activities qualify as products of manufacture, rejecting the Revenue's appeal and upholding the assessee's claim for deduction under section 32A. en-us Thu, 22 Jul 1999 00:00:00 +0530 Wed, 15 Jul 2009 14:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14375 The Supreme Court clarified that processing activities like bleaching, dyeing, and printing on grey fabric constitute "manufacture" under the Income-tax Act. The Court ruled in favor of the assessee, affirming their eligibility for investment allowance and relief under the Act, based on the interpretation of relevant sections and precedents. The decision emphasized that processed articles resulting from such activities qualify as products of manufacture, rejecting the Revenue's appeal and upholding the assessee's claim for deduction under section 32A. Case-Laws Income Tax Thu, 22 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14375