https://www.taxtmi.com/caselaws?id=17044 The High Court of Calcutta ruled in favor of the Air Survey Co. of India (P) Ltd., holding that the company was entitled to investment allowance under section 32A of the IT Act, 1961 for the assessment year 1983-84. The Court agreed with the Tribunal's decision that the activity involving aircraft radio fell within the scope of "manufacture" or "production," and the resulting photographs qualified as an "article" or "thing." This decision aligned with previous rulings from the Rajasthan High Court and the Kerala High Court, ultimately granting the investment allowance to the assessee. en-us Fri, 28 Nov 1997 00:00:00 +0530 Mon, 14 Sep 2009 17:42:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17044 The High Court of Calcutta ruled in favor of the Air Survey Co. of India (P) Ltd., holding that the company was entitled to investment allowance under section 32A of the IT Act, 1961 for the assessment year 1983-84. The Court agreed with the Tribunal's decision that the activity involving aircraft radio fell within the scope of "manufacture" or "production," and the resulting photographs qualified as an "article" or "thing." This decision aligned with previous rulings from the Rajasthan High Court and the Kerala High Court, ultimately granting the investment allowance to the assessee. Case-Laws Income Tax Fri, 28 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17044