1998 (10) TMI 30 - HC - Income Tax

Summary

The High Court of Madras ruled that a firm engaged in making photostat copies with a xerox machine is not entitled to investment allowance under section 32A as the process does not result in the manufacture of goods. The decision was based on the Supreme Court's ruling that the main objective is duplication, not the sale of paper. The claim for investment allowance was disallowed for the assessment year 1984-85.