https://www.taxtmi.com/caselaws?id=38320 The court ruled in favor of the assessee, allowing the claim for a development allowance in the assessment year 1971-72. It determined that the actual cost of planting could only be finalized at the end of a four-year period, thus permitting the allowance claim despite the Tribunal's initial rejection. The doctrine of constructive res judicata was deemed inapplicable, as the continuous nature of planting justified the timing of the claim. The judgment emphasized interpreting tax provisions practically, with no order as to costs, and directed the ITAT, Cochin Bench, to receive a copy of the judgment. en-us Tue, 01 Nov 1977 00:00:00 +0530 Mon, 28 Oct 2024 12:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38320 The court ruled in favor of the assessee, allowing the claim for a development allowance in the assessment year 1971-72. It determined that the actual cost of planting could only be finalized at the end of a four-year period, thus permitting the allowance claim despite the Tribunal's initial rejection. The doctrine of constructive res judicata was deemed inapplicable, as the continuous nature of planting justified the timing of the claim. The judgment emphasized interpreting tax provisions practically, with no order as to costs, and directed the ITAT, Cochin Bench, to receive a copy of the judgment. Case-Laws Income Tax Tue, 01 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38320