https://www.taxtmi.com/caselaws?id=24668 Preservation of potatoes in a cold storage plant does not amount to production of an article for purposes of section 32A(2)(b)(ii) of the Income-tax Act, 1961, because mere storage preserves an existing commodity without bringing a new product into existence. The Court relied on the settled Supreme Court meaning of "production" and held that later excise decisions cited by the assessee were not applicable on the facts. As a result, the assessee was not entitled to investment allowance on the basis of cold storage operations. en-us Tue, 23 Jun 1987 00:00:00 +0530 Thu, 21 Jan 2010 15:50:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24668 Preservation of potatoes in a cold storage plant does not amount to production of an article for purposes of section 32A(2)(b)(ii) of the Income-tax Act, 1961, because mere storage preserves an existing commodity without bringing a new product into existence. The Court relied on the settled Supreme Court meaning of "production" and held that later excise decisions cited by the assessee were not applicable on the facts. As a result, the assessee was not entitled to investment allowance on the basis of cold storage operations. Case-Laws Income Tax Tue, 23 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24668