https://www.taxtmi.com/caselaws?id=21626 The High Court affirmed the Tribunal's finding that the partnership firm's activity constituted manufacturing under section 32A of the Income-tax Act, 1961. The Court emphasized the need for a substantial transformation resulting in a distinct commercial commodity. The judgment favored the assessee, allowing their claim for investment allowance. The decision was unanimous, with no costs awarded, highlighting the importance of factual conclusions in reference jurisdiction. en-us Wed, 20 Nov 1991 00:00:00 +0530 Thu, 26 Nov 2009 11:29:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21626 The High Court affirmed the Tribunal's finding that the partnership firm's activity constituted manufacturing under section 32A of the Income-tax Act, 1961. The Court emphasized the need for a substantial transformation resulting in a distinct commercial commodity. The judgment favored the assessee, allowing their claim for investment allowance. The decision was unanimous, with no costs awarded, highlighting the importance of factual conclusions in reference jurisdiction. Case-Laws Income Tax Wed, 20 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21626