Bombay HC grants relief under sections 80-I and 33, aligning with Cambay Electric Supply ruling.

The Bombay HC held in favor of the Revenue, allowing relief under section 80-I post development rebate under section 33, following the SC ruling in Cambay Electric Supply Industrial Co. Ltd. v. CIT [1978] 113 ITR 84.

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The Bombay High Court ruled in favor of the Revenue, stating that relief under section 80-I should be allowed after allowing development rebate under section 33. The decision was based on the Supreme Court ruling in Cambay Electric Supply Industrial Co. Ltd. v. CIT [1978] 113 ITR 84.

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