https://www.taxtmi.com/circulars?id=4724 Investment allowance is subject to a reserve condition requiring 75 per cent of the amount actually allowed as investment allowance to be debited to profit and loss and credited to a reserve. For tea companies whose taxable income comprises only a proportion of total income, the reserve to be created should be calculated as 75 per cent of the amount of investment allowance actually allowed in assessment, reflecting the company's taxable-income proportion of the allowance. en-us Wed, 03 Feb 1982 00:00:00 +0530 Sat, 02 Aug 2008 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4724 Investment allowance is subject to a reserve condition requiring 75 per cent of the amount actually allowed as investment allowance to be debited to profit and loss and credited to a reserve. For tea companies whose taxable income comprises only a proportion of total income, the reserve to be created should be calculated as 75 per cent of the amount of investment allowance actually allowed in assessment, reflecting the company's taxable-income proportion of the allowance. Circulars Income Tax Wed, 03 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4724