https://www.taxtmi.com/caselaws?id=31895 The court analyzed the interpretation of "production of a thing" under section 32A of the Income-tax Act for cold storage operations. The assessee's claim that producing chilled air constituted "production of a thing" was rejected, as the cold storage was not deemed an industrial undertaking. Despite arguments that chilled air was an intermediate product, the court ruled against the assessee, denying the investment allowance claim due to the facility not engaging in manufacturing or processing activities as required by the relevant provisions. en-us Fri, 22 Aug 2008 00:00:00 +0530 Tue, 30 Dec 2008 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31895 The court analyzed the interpretation of "production of a thing" under section 32A of the Income-tax Act for cold storage operations. The assessee's claim that producing chilled air constituted "production of a thing" was rejected, as the cold storage was not deemed an industrial undertaking. Despite arguments that chilled air was an intermediate product, the court ruled against the assessee, denying the investment allowance claim due to the facility not engaging in manufacturing or processing activities as required by the relevant provisions. Case-Laws Income Tax Fri, 22 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31895