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2003 (11) TMI 16 - KERALA HIGH COURTInvestment allowance - Assessee is doing business in export of sea foods - Assessing Officer disallowed the claim for investment allowance to the extent of Rs. 1,87,000 on the ground that the assessee is not a manufacturer - assessee is exporting prawns and shrimps after subjecting them to various treatment like deveining, peeling, etc. When raw prawns are subjected to process of deveining and peeling they did not cease to be prawns and become other distinguished commodity. There is no essential difference between raw prawns and processed prawns. They continue to be known as prawns. This being the position, we are of the view, the Tribunal is not justified in holding that the assessee is entitled to investment allowance under section 32A
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