Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1991 (12) TMI 1 - SC - Income Tax
Additional amount payable for the import of machinery on account of devaluation of rupees - development Rebate - includibility of additional amount paid in actual cost for purpose of rebate - though development rebate was intended to promote development of industries, this could not be allowed at the cost of the foreign exchange resources of the country which are also depleted when there is an increase in liability due to devaluation of the currency