https://www.taxtmi.com/caselaws?id=20215 The High Court did not conclusively decide on the eligibility of investment allowance for machinery used in boring operations to extract water. It emphasized the importance of ascertaining the purpose behind the extraction of water to determine if it constituted the production of a commercial article or thing for surface use. The case was remitted to the Tribunal for further examination to gather evidence on the purpose of the boring operations for a definitive decision. en-us Thu, 29 Jul 1993 00:00:00 +0530 Thu, 12 Nov 2009 14:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20215 The High Court did not conclusively decide on the eligibility of investment allowance for machinery used in boring operations to extract water. It emphasized the importance of ascertaining the purpose behind the extraction of water to determine if it constituted the production of a commercial article or thing for surface use. The case was remitted to the Tribunal for further examination to gather evidence on the purpose of the boring operations for a definitive decision. Case-Laws Income Tax Thu, 29 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20215