https://www.taxtmi.com/caselaws?id=14650 Processing exposed films into positive films for cinema projection can qualify as manufacture or production for investment allowance under section 32A of the Income-tax Act, 1961. The Madras HC treated the assessee's activity of processing and drying exposed films at various stages as production, and held that it did not fall within the Eleventh Schedule exclusion for production of cinematograph films in item 9. On that basis, the assessee satisfied the statutory condition for the allowance and was entitled to investment allowance under section 32A(2)(b)(iii). en-us Wed, 02 Dec 1998 00:00:00 +0530 Fri, 17 Jul 2009 17:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14650 Processing exposed films into positive films for cinema projection can qualify as manufacture or production for investment allowance under section 32A of the Income-tax Act, 1961. The Madras HC treated the assessee's activity of processing and drying exposed films at various stages as production, and held that it did not fall within the Eleventh Schedule exclusion for production of cinematograph films in item 9. On that basis, the assessee satisfied the statutory condition for the allowance and was entitled to investment allowance under section 32A(2)(b)(iii). Case-Laws Income Tax Wed, 02 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14650