https://www.taxtmi.com/caselaws?id=56650 A cold storage business was not entitled to investment allowance under section 32A on additions to plant and machinery because mere processing of goods for preservation does not amount to manufacture or production. The statutory condition requires the plant or machinery to be used in a small scale industrial undertaking engaged in manufacture or production of an article or thing, and manufacture requires bringing into existence a new substance rather than a mere change in form or condition. The claim for investment allowance therefore failed, and the disallowance of that claim was upheld. en-us Mon, 19 Apr 1982 00:00:00 +0530 Mon, 06 Dec 2010 11:14:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56650 A cold storage business was not entitled to investment allowance under section 32A on additions to plant and machinery because mere processing of goods for preservation does not amount to manufacture or production. The statutory condition requires the plant or machinery to be used in a small scale industrial undertaking engaged in manufacture or production of an article or thing, and manufacture requires bringing into existence a new substance rather than a mere change in form or condition. The claim for investment allowance therefore failed, and the disallowance of that claim was upheld. Case-Laws Income Tax Mon, 19 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56650