https://www.taxtmi.com/caselaws?id=70974 The judgment favored the assessee on the validity of the revised return and the eligibility of machinery for investment allowance based on the distinction between synthetic essence and blended flavoring concentrate. It emphasized the importance of complying with the reserve creation requirement for claiming investment allowance in subsequent years. The CIT(A) directed the assessing officer to verify the details of the claimed investment allowance and determine the amount that could be carried forward to subsequent years. en-us Thu, 13 Apr 1989 00:00:00 +0530 Wed, 20 Apr 2011 14:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70974 The judgment favored the assessee on the validity of the revised return and the eligibility of machinery for investment allowance based on the distinction between synthetic essence and blended flavoring concentrate. It emphasized the importance of complying with the reserve creation requirement for claiming investment allowance in subsequent years. The CIT(A) directed the assessing officer to verify the details of the claimed investment allowance and determine the amount that could be carried forward to subsequent years. Case-Laws Income Tax Thu, 13 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70974