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2004 (6) TMI 24 - MADRAS HIGH COURT"Whether, Tribunal was right in holding that assessee is entitled to investment allowance on the activities of the assessee, viz., mining granite from quarries and exporting them after cutting, polishing, etc., which tantamount to manufacture for the purpose of section 32A?" - Tribunal is directed to go into the question and determine the nature of the activities of the assessee and also decide whether the activities of the assessee would fall within the scope of section 32A of the Act. Needless to mention, it is open to the Revenue to contest that the activities of the assessee do not amount to manufacture or production of article. Since the factual basis for grant of investment allowance is absent, we return the reference without answering
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