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1986 (8) TMI 96 - AT - Income TaxExtract: .......ng or producing an article or thing, rather it is processing of the coarse cloth to make it attractive more marketable. Accordingly, we hold that the assessee is not entitled to investment allowance under section 32A. Hence, we set aside the order of the AAC on the issue and thereby restore that of the ITO. 15. In the result, the appeal is allowed.
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