https://www.taxtmi.com/caselaws?id=55774 The Tribunal allowed the assessee's claim for investment allowance under section 32A of the Income-tax Act, 1961, based on manufacturing activities involving the transformation of raw material into distinct commercial products. The Tribunal found that the manufacturing process met the criteria set by the Supreme Court, entailing labor, machinery, and significant transformation of materials. As a result, the Tribunal directed the Income Tax Officer to accept the assessee's claim for the deduction of investment allowance, leading to a favorable outcome for the assessee in both appeals. en-us Fri, 27 Dec 1985 00:00:00 +0530 Tue, 30 Nov 2010 09:31:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55774 The Tribunal allowed the assessee's claim for investment allowance under section 32A of the Income-tax Act, 1961, based on manufacturing activities involving the transformation of raw material into distinct commercial products. The Tribunal found that the manufacturing process met the criteria set by the Supreme Court, entailing labor, machinery, and significant transformation of materials. As a result, the Tribunal directed the Income Tax Officer to accept the assessee's claim for the deduction of investment allowance, leading to a favorable outcome for the assessee in both appeals. Case-Laws Income Tax Fri, 27 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55774