https://www.taxtmi.com/caselaws?id=17836 The court held that the guarantee commission paid by the assessee is an admissible revenue expenditure based on a previous decision. Regarding the entitlement to investment allowance on mining equipment, the court determined that the production of iron ore in mining operations constitutes manufacturing activity. The court referenced relevant case law to support this interpretation, concluding that any operation resulting in a change to a commodity amounts to processing, falling under the definition of an industrial company. Consequently, the court ruled in favor of the assessee, upholding the Tribunal's decision. en-us Thu, 11 Jan 1996 00:00:00 +0530 Wed, 15 Apr 2015 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17836 The court held that the guarantee commission paid by the assessee is an admissible revenue expenditure based on a previous decision. Regarding the entitlement to investment allowance on mining equipment, the court determined that the production of iron ore in mining operations constitutes manufacturing activity. The court referenced relevant case law to support this interpretation, concluding that any operation resulting in a change to a commodity amounts to processing, falling under the definition of an industrial company. Consequently, the court ruled in favor of the assessee, upholding the Tribunal's decision. Case-Laws Income Tax Thu, 11 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17836