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Section 32A of the Income-tax Act, 1961 - Investment allowance - Assessment year 1985-86 - Whether where assessee was running a cold storage which preserved vegetables, fruits and several other articles, it could not be said to be engaged in processing or manufacturing and, therefore, it was not entitled to claim investment allowance - Held, yes CASE REVIEW CIT v. Kothiwala Cold Storage [1992] 60 Taxman 495 (All.) [Para 14] followed. CIT v. Tiecicon (P.) Ltd. [1987] 168 ITR 744 (SC) [Para 15] distinguished. CASES REFERRED TO CIT v. Sesa Goa Ltd. [2004] 271 ITR 331/[2005] 142 Taxman 16 (SC) [Para 4], CIT v. Suresh Amin Family Trust [2007] 288 ITR 101/ 158 Taxman 105 (Guj.) [Para 6], Karnataka Pawn Brokers Association v. State of Karnataka [1998] 7 SCC 707 [Para 6], B.R. Enterprises v. State of Uttar Pradesh[1999] 9 SCC 700 [Para 7], CIT v. N.C. Budharaja & Co. [1993] 204 ITR 412/ 70 Taxman 312 (SC) [Para 7], General Contracts Co. v. CIT [2006] 287 ITR 416 (Guj.) [Para 8], CIT v. Upasana Finance Ltd. [2006]286 ITR 179 (Mad.) [Para 9], R.K. Arya Cold Storage & General Mills v. CIT [2005] 148 Taxman 467(All.) [Para 11], CIT v. S.R. Cold Storage [2005] 145 Taxman 220 (All.) [Para 11], Ram Prakash Agarwal (HUF) v. CIT [2004] 141 Taxman 562 (All.) [Para 11], CIT v. Tiecicon (P.) Ltd. [1987] 168 ITR 744 (SC) [Para 12], CIT v. Kothiwala Cold Storage [1992] 60 Taxman 495 (All.) [Para 14], CIT v.Kissan Friends Ice Factory & Cold Storage [1998] 234 ITR 400/ 96 Taxman 600 (Punj. & Har.) [Para 14] and Delhi Cold Storage (P.) Ltd. v. CIT [1991] 191 ITR 656/ 59 Taxman 144 (SC) [Para 17]. Ravi Kant for the Appellant. A.N. Mahajan for the Respondent. ORDER Dr. Satish Chandra, J. - This Court vide order dated 6-12-1993 [under section 256(2) of the Income-tax Act] in I.T.A. No. 252 of 1993 has directed the Tribunal to draw up the statement of case and refer the following questions for Court's opinion for the assessment years 1983-84 and 1984-85 [R.A. No. 407 (All.)/1992 and R.A. No. 10 (All.)/1993]. For the assessment year 1985-86, the Tribunal has referred the same questions under section 256(1) of the Income-tax Act for opinion of this Court : 1. Is Appellate…

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