1989 (3) TMI 98

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....I J. -The matter here concerns the assessee's claim for investment allowance in respect of additions made in the machinery account during the assessment year 1978-79. According to the assessee, the reserve for investment allowance was created on July 18, 1980, by crediting a sum of Rs. 10,282 to the investment allowance account and by corresponding debit to the investment account. The investmen....