https://www.taxtmi.com/caselaws?id=60798 The Appellate Tribunal allowed the appeal in part, directing the admission and allowance of the investment allowance claimed by the assessee under section 32A(4) of the Income-tax Act, 1961. Despite the reserve not being created in the books of the previous year, the Tribunal held that creating the reserve in the current year's books before finalizing the assessment fulfilled the statutory requirements. The Tribunal emphasized the importance of fulfilling all conditions for claiming investment allowance and cited legal precedents supporting the allowance of claims when statutory requirements are met. en-us Fri, 27 Aug 1982 00:00:00 +0530 Sat, 08 Jan 2011 11:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60798 The Appellate Tribunal allowed the appeal in part, directing the admission and allowance of the investment allowance claimed by the assessee under section 32A(4) of the Income-tax Act, 1961. Despite the reserve not being created in the books of the previous year, the Tribunal held that creating the reserve in the current year's books before finalizing the assessment fulfilled the statutory requirements. The Tribunal emphasized the importance of fulfilling all conditions for claiming investment allowance and cited legal precedents supporting the allowance of claims when statutory requirements are met. Case-Laws Income Tax Fri, 27 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60798