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1980 (4) TMI 36 - HC - Income Tax
Extract:
.......as entitled to development rebate in accordance with s. 33 of the Act on the sum of Rs. 1,09,00,000 and the Tribunal was wrong in rejecting this contention. This question is answered in the negative and in favour of the assessee. In the facts and circumstances of the case, each party will pay and bear its own costs. SUDHINDRA MOHAN GUHA J.-I agree.