2003 (11) TMI 9

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..... ocessing of shrimps does not amount to manufacture and, therefore, the assessee is not entitled to investment allowance under section 32A - held that the processing of seeds amounts to production. The assessee is, therefore, entitled to claim investment allowance on its seed processing unit. - The question referred to us is, therefore, answered partly, in favour of the Revenue, with regard to the .....

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..... ld storage plant. This court, in the case of CIT v. George Maino Exports P. Ltd. [2001] 250 ITR 445, has held that the processing of shrimps does not amount to manufacture and, therefore, the assessee is not entitled to investment allowance under section 32A of the Act. That decision squarely applies here. The assessee also maintains a seed processing unit. In a case concerning the same assessee .....

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