https://www.taxtmi.com/caselaws?id=19894 HC held that the assessee, a small-scale industrial undertaking engaged in crushing excavated limestone into rodi and powder, is engaged in "manufacture or production of an article or thing" within the meaning of section 32A(2) of the Income-tax Act, 1961. While excavation of mineral alone does not constitute manufacture, the subsequent crushing process through plant and machinery results in commercially distinct products, different in physical form and recognized as separate commodities in trade. Accordingly, the activity amounts to manufacture, and the assessee is entitled to investment allowance under section 32A. The reference was answered in favour of the assessee and against the Revenue. en-us Tue, 08 Dec 1992 00:00:00 +0530 Thu, 11 Dec 2025 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19894 HC held that the assessee, a small-scale industrial undertaking engaged in crushing excavated limestone into rodi and powder, is engaged in "manufacture or production of an article or thing" within the meaning of section 32A(2) of the Income-tax Act, 1961. While excavation of mineral alone does not constitute manufacture, the subsequent crushing process through plant and machinery results in commercially distinct products, different in physical form and recognized as separate commodities in trade. Accordingly, the activity amounts to manufacture, and the assessee is entitled to investment allowance under section 32A. The reference was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 08 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19894