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2012 (9) TMI 267 - SCH - Income TaxDisallowance of investment allowance u/s 32A - Held that:- Whenever assessee claims investment allowance under Section 32A it has to lead evidence to show that the process undertaken by it constitutes 'production' - as the assessee has not led evidence before AO as to the exact nature of activities undertaken by it in the course of mining, polishing and export of granites the case is remitted back to AO giving opportunity to the assessee to produce relevant evidence.
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