https://www.taxtmi.com/caselaws?id=443353 The Tribunal ruled in favor of the assessee, holding that the extraction of minerals from beach sand qualified as manufacturing under sec 2(29BA). The claimed investment allowance under sec 33AC and additional depreciation under sec 32(1)(ii) were allowed. The Tribunal also determined that no disallowance under sec 14A was necessary due to the absence of exempt income. The appeal was allowed, and the revision of the order by the Principal Commissioner was dismissed. en-us Mon, 07 Aug 2023 00:00:00 +0530 Fri, 22 Sep 2023 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443353 The Tribunal ruled in favor of the assessee, holding that the extraction of minerals from beach sand qualified as manufacturing under sec 2(29BA). The claimed investment allowance under sec 33AC and additional depreciation under sec 32(1)(ii) were allowed. The Tribunal also determined that no disallowance under sec 14A was necessary due to the absence of exempt income. The appeal was allowed, and the revision of the order by the Principal Commissioner was dismissed. Case-Laws Income Tax Mon, 07 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443353