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2005 (3) TMI 77 - ALLAHABAD HIGH COURTInvestment allowance on generator - From a reading of sub-clause (ii) of clause (b) of sub-section (2) of section 32A, it is clear that any machinery or plant which has been installed for the purpose of business of manufacture or production of any article or thing not falling under the second proviso to section 32A of the Act is entitled for investment allowance. The words "business of manufacture" or "production" are very wide terms and would encompass the whole set of machinery and plant which is used for the purpose of manufacture of any article or thing. Thus, the generator which is used in the business of manufacture or production of any article or thing by the assessee clearly falls within the aforesaid clause and the Tribunal has rightly upheld the allowance of the investment allowance on generator
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