https://www.taxtmi.com/caselaws?id=57471 The Tribunal partially allowed both appeals, condoning the delay in filing and clarifying that machinery used exclusively for industrial alcohol production is eligible for investment allowance. The Tribunal directed the Assessing Officer to determine machinery exclusively for industrial alcohol, granting investment allowance if conditions are met. Additionally, the Tribunal instructed verification and allowance of reductions under section 43B based on timely sales-tax payments. en-us Wed, 25 Aug 1993 00:00:00 +0530 Fri, 10 Dec 2010 13:09:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57471 The Tribunal partially allowed both appeals, condoning the delay in filing and clarifying that machinery used exclusively for industrial alcohol production is eligible for investment allowance. The Tribunal directed the Assessing Officer to determine machinery exclusively for industrial alcohol, granting investment allowance if conditions are met. Additionally, the Tribunal instructed verification and allowance of reductions under section 43B based on timely sales-tax payments. Case-Laws Income Tax Wed, 25 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57471