I understand substitution method and recursion trees. I understand how to use master theorem but don't understand it's proof or intuitive explanation, specifically i don't understand where does the epsilon value come from in the theorem
The Master's Theorem states:
I am studying from CLRS 3rd edition, page 97. I want to know what does epsilon value represent, how do we come up with epsilon in the proof and Why do we need it. Would some other resource / book for this proof and extended master theorem proof!

You don't need the epsilon to state the Master Theorem. Wikipedia gives another formulation:
With
c_crit = log_b(a):f(n) = O(n^c)wherec < c_crit, thenT(n) = Θ(n^c_crit);f(n) = Θ(n^c_crit log(n)^k)for anyk >= 0, thenT(n) = Θ(n^c_crit log(n)^(k+1));f(n) = Ω(n^c)wherec > c_crit, anda*f(n/b) <= k*f(n)for somek < 1and sufficiently largen, thenT(n) = Θ(f(n)).Essentially, the epsilon in your example is to make sure that
log_b(a)-ε < log_b(a)andlog_b(a)+ε > log_b(a)(whenε > 0), just likec < c_critandc > c_critin this example from Wikipedia.