https://www.taxtmi.com/caselaws?id=17691 The High Court of Madhya Pradesh directed the Tribunal to refer a question on the entitlement of investment allowance under section 32A of the Income-tax Act for an assessment year. The case involved a civil contractor claiming investment allowance for machinery used in road construction, which was initially rejected but later allowed by the Commissioner of Income-tax (Appeals). The Tribunal upheld the claim, considering road construction as a manufacturing process. The Court emphasized interpreting the provision in light of manufacturing processes and directed the Tribunal to refer the question for consideration, highlighting the importance of clarifying legal interpretations in such cases. en-us Mon, 25 Mar 1996 00:00:00 +0530 Thu, 24 Sep 2009 11:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17691 The High Court of Madhya Pradesh directed the Tribunal to refer a question on the entitlement of investment allowance under section 32A of the Income-tax Act for an assessment year. The case involved a civil contractor claiming investment allowance for machinery used in road construction, which was initially rejected but later allowed by the Commissioner of Income-tax (Appeals). The Tribunal upheld the claim, considering road construction as a manufacturing process. The Court emphasized interpreting the provision in light of manufacturing processes and directed the Tribunal to refer the question for consideration, highlighting the importance of clarifying legal interpretations in such cases. Case-Laws Income Tax Mon, 25 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17691