https://www.taxtmi.com/caselaws?id=68470 The Court upheld the Commissioner of Income Tax's revision under Section 263, directing the Assessing Officer to withdraw the investment allowance granted to the taxpayer for open cast gypsum mining activities that were deemed not constituting manufacturing. The Court allowed the taxpayer to carry forward the unabsorbed investment allowance from the previous year, as the Assessing Officer's withdrawal under Section 154 was found invalid. en-us Wed, 27 Mar 2002 00:00:00 +0530 Wed, 30 Mar 2011 15:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68470 The Court upheld the Commissioner of Income Tax's revision under Section 263, directing the Assessing Officer to withdraw the investment allowance granted to the taxpayer for open cast gypsum mining activities that were deemed not constituting manufacturing. The Court allowed the taxpayer to carry forward the unabsorbed investment allowance from the previous year, as the Assessing Officer's withdrawal under Section 154 was found invalid. Case-Laws Income Tax Wed, 27 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68470