https://www.taxtmi.com/caselaws?id=24064 The High Court of Kerala ruled in favor of the income-tax assessee regarding the entitlement to investment allowance under section 32A on the plant freezer and the consideration of the assessee being engaged in the production of an article. The court held that the processing of prawns constituted production of an article, allowing the deduction claimed under section 32A(2)(b)(iii). The court affirmed the Tribunal's decision, concluding that the assessee was eligible for the investment allowance based on the processing activities. en-us Thu, 09 Mar 1989 00:00:00 +0530 Sat, 16 Jan 2010 13:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24064 The High Court of Kerala ruled in favor of the income-tax assessee regarding the entitlement to investment allowance under section 32A on the plant freezer and the consideration of the assessee being engaged in the production of an article. The court held that the processing of prawns constituted production of an article, allowing the deduction claimed under section 32A(2)(b)(iii). The court affirmed the Tribunal's decision, concluding that the assessee was eligible for the investment allowance based on the processing activities. Case-Laws Income Tax Thu, 09 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24064