Tribunal held that extraction and processing of iron ore amounted to production. Electric energy would be covered under the definition of “goods” and generation of power would amount to manufacture or production of goods. Therefore, the assessee was eligible for allowance under section 32AC of the Act. Followed, CST v. Madhya Pradesh Electricity Board (1970) 25 STC  188 (SC) and PCIT  v. NTPC  Sail  Power Co. P Ltd  (2020)428 ITR  535 (Delhi)(HC)  (AY. 2014-15)