https://www.taxtmi.com/caselaws?id=18816 The High Court ruled in favor of the firm, allowing the investment allowance under section 32A for machinery used in coal production activities. The court determined that the firm's activities, including cutting, drilling, and blasting stones, constituted coal production processes, qualifying for the investment allowance. Justice Bhagabati Prasad Banerjee concurred with the decision, ultimately upholding the allowance of investment for the firm. en-us Fri, 09 Jul 1993 00:00:00 +0530 Mon, 02 Nov 2009 12:04:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18816 The High Court ruled in favor of the firm, allowing the investment allowance under section 32A for machinery used in coal production activities. The court determined that the firm's activities, including cutting, drilling, and blasting stones, constituted coal production processes, qualifying for the investment allowance. Justice Bhagabati Prasad Banerjee concurred with the decision, ultimately upholding the allowance of investment for the firm. Case-Laws Income Tax Fri, 09 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18816