https://www.taxtmi.com/caselaws?id=21772 The court held that the assessee was entitled to investment allowance on the additional liability due to exchange rate fluctuation, provided the liability was capitalized on the date of actual payment. The Income-tax Officer was directed to allow the assessee an opportunity to create the necessary reserve for such additional sums eligible for investment allowance. The court referenced relevant case law and statutory provisions to support its decision. en-us Thu, 30 May 1991 00:00:00 +0530 Sat, 28 Nov 2009 16:04:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21772 The court held that the assessee was entitled to investment allowance on the additional liability due to exchange rate fluctuation, provided the liability was capitalized on the date of actual payment. The Income-tax Officer was directed to allow the assessee an opportunity to create the necessary reserve for such additional sums eligible for investment allowance. The court referenced relevant case law and statutory provisions to support its decision. Case-Laws Income Tax Thu, 30 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21772