https://www.taxtmi.com/caselaws?id=21018 Investment allowance under section 32A of the Income-tax Act was considered in the context of an assessee engaged in mining and extraction of marble. The analysis states that the allowance is available to an industrial undertaking carrying on business of construction, manufacture or production of an article or thing specified in the Eleventh Schedule, and that marble is included in that Schedule. Even if mining of marble does not amount to manufacture, it constitutes production for section 32A(2)(b)(iii). On that basis, the assessee was held entitled to investment allowance, with the reference answered against the Revenue. en-us Mon, 27 Jul 1992 00:00:00 +0530 Wed, 18 Nov 2009 16:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21018 Investment allowance under section 32A of the Income-tax Act was considered in the context of an assessee engaged in mining and extraction of marble. The analysis states that the allowance is available to an industrial undertaking carrying on business of construction, manufacture or production of an article or thing specified in the Eleventh Schedule, and that marble is included in that Schedule. Even if mining of marble does not amount to manufacture, it constitutes production for section 32A(2)(b)(iii). On that basis, the assessee was held entitled to investment allowance, with the reference answered against the Revenue. Case-Laws Income Tax Mon, 27 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21018