The assessee's claim for development rebate on certain assets.

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..... ssment year 1957-58 the ITO rejected assessee's claim for development rebate on certain assets. The disallowance was upheld by the AAC as well as the Tribunal. The assessee filed a reference application u/s.66(1) of the I.T.Act,1922. The High Court decided the reference in assessee's favour in July, 1965. As per the directions of the High court the development rebate was thus granted by the ITO on .....

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..... t the fact that the assets had been already transferred and should ask for proper directions for withdrawal of the rebate. 4. These instructions may please be brought to the notice of the ITOs working in your charge. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa .....

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