Supreme Court · 2001 INSC 426 · Decided 5 September 2001
M/S. Aspinwall and CO. LTD. v. The Commissioner of Income-Tax, ERNAKULAM.
- Court
- Supreme Court of India
- Citation
- 2001 INSC 426 · [2001] SUPP. 2 S.C.R. 559
- Case number
- CIVIL APPEAL No. 8832/1997
- Decided
- 5 September 2001
- Bench
- S.P. BHARUCHA, Y.K. SABHARWAL, ASHOK BHAN (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 32, 256(1), 32A
Headnote
B Income Tax Act, 1961: Section 32-/nvestment Allowance-Machinery installed for curing coffee-Assessee claiming investment allowance-Whether entitled-Held, C processing of raw berry into coffee beans amounts to manufacturing activity-­ Assessee entitled to investment allowance under Section of in common parlance. Appellant-assessee had claimed investment allowance under Section 32A D of the Income Tax Act, 1961 for machinery installed for curing of coffee in its coffee curing plants, for the assessment years 1980-81 and 1983-84 which was rejected by the Income Tax Officer but
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