Licensee definition excludes State Electricity Boards, denying them entitlement to the development rebate proviso under income-tax law. The statutory definition of licensee excludes State Electricity Boards, so they are not regarded as licensees and are therefore not entitled to the benefit of the proviso to the development rebate provision; pending assessments are to be completed accordingly, remedial action taken where possible for completed assessments, and appeals defended on this basis.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Licensee definition excludes State Electricity Boards, denying them entitlement to the development rebate proviso under income-tax law.
The statutory definition of licensee excludes State Electricity Boards, so they are not regarded as licensees and are therefore not entitled to the benefit of the proviso to the development rebate provision; pending assessments are to be completed accordingly, remedial action taken where possible for completed assessments, and appeals defended on this basis.
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