https://www.taxtmi.com/caselaws?id=16910 The court determined that the product "powder coating" manufactured by the assessee did not qualify as "paint" for investment allowance eligibility under section 32A of the Income-tax Act, 1961. Analyzing various definitions of "paint," the court concluded that powder coating, being in dry form and involving chemical changes, did not meet the criteria of a traditional liquid paint. Expert opinions and evidence supported this distinction, leading the court to affirm the Tribunal's decision in favor of the assessee. The court held that the product did not fall within the definition of "paint" as per the Eleventh Schedule, disposing of the reference without costs. en-us Wed, 09 Jul 1997 00:00:00 +0530 Mon, 14 Sep 2009 10:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16910 The court determined that the product "powder coating" manufactured by the assessee did not qualify as "paint" for investment allowance eligibility under section 32A of the Income-tax Act, 1961. Analyzing various definitions of "paint," the court concluded that powder coating, being in dry form and involving chemical changes, did not meet the criteria of a traditional liquid paint. Expert opinions and evidence supported this distinction, leading the court to affirm the Tribunal's decision in favor of the assessee. The court held that the product did not fall within the definition of "paint" as per the Eleventh Schedule, disposing of the reference without costs. Case-Laws Income Tax Wed, 09 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16910