1983 (8) TMI 162

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.... be entitled to investment allowance. The assessee is a private limited company. They have a business of refining various kinds of edible and non-edible oil. The activity of refining various kinds of materials includes processes of degumming, neutralisation, bleaching and deodorization. The input is various types of edible and non-edible oil which gets converted into refined edible oil. The assess....

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.... in the case of Tungabhadra Industries Ltd. v. CTO AIR 1961 SC 412. Therein, the Supreme Court considered the question whether hardened or hydrogenated groundnut oil commonly called vanaspati was still groundnut oil within the meaning of rule 18(2) of the Madras General Sales Tax Rules, 1939. The learned Judges observed that even after such manufacturing process there was no change in the essentia....