https://www.taxtmi.com/caselaws?id=17833 The High Court of Patna ruled against the assessee, rejecting their claim for investment allowance under section 32A for a generator installed in a cold storage facility. The Court held that the operation of a cold storage plant does not constitute the manufacture or production of any article or thing as required by the section. Citing decisions from various High Courts and the Supreme Court's interpretation of "processing of goods," the Court aligned with the view that a cold storage facility does not meet the criteria for investment allowance. The Revenue's appeal was upheld, and costs were not awarded due to the lack of representation by the assessee. en-us Wed, 18 Sep 1996 00:00:00 +0530 Fri, 25 Sep 2009 11:25:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17833 The High Court of Patna ruled against the assessee, rejecting their claim for investment allowance under section 32A for a generator installed in a cold storage facility. The Court held that the operation of a cold storage plant does not constitute the manufacture or production of any article or thing as required by the section. Citing decisions from various High Courts and the Supreme Court's interpretation of "processing of goods," the Court aligned with the view that a cold storage facility does not meet the criteria for investment allowance. The Revenue's appeal was upheld, and costs were not awarded due to the lack of representation by the assessee. Case-Laws Income Tax Wed, 18 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17833