Court : Chennai
1. Investment allowance for the assessment year 1983-84 was denied to the assessee, a manufacturer of aerated waters under the brand name of 'TORINO', such manufacturing activity having been carried on under a licence, on the ground that the aerated waters manufactured by it contained blended flavouring concentrates. The assessee having appealed to the Commissioner against that view of the assessing officer, the Commissioner accepted the assessee's case that the original entry without the explanation, did not take in it's fold synthetic essences which are admittedly used by the assessee and that the explanation that was added subsequently did not have retrospective effect. That view of the Commissioner has been affirmed by the Tribunal. 2. It is not in dispute that synthetic essences are used by the assessee for the purpose of flavouring the aerated waters. The essence is in the form of concentrate and is clearly a flavouring concentrate. It is synthetic essence. The very term 'synthet...
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