https://www.taxtmi.com/caselaws?id=61744 The Tribunal upheld the Commissioner (Appeals)' decision, dismissing the revenue's appeal. It held that the machinery in the Nagercoil unit had been installed and used for business purposes, as evidenced by the production of coir products. The Tribunal found that the trial production was part of the assessee's business activities and that the machinery had been wholly used for the business. Therefore, the development rebate was allowed for the assessment year 1975-76. en-us Mon, 12 Dec 1983 00:00:00 +0530 Fri, 14 Jan 2011 16:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61744 The Tribunal upheld the Commissioner (Appeals)' decision, dismissing the revenue's appeal. It held that the machinery in the Nagercoil unit had been installed and used for business purposes, as evidenced by the production of coir products. The Tribunal found that the trial production was part of the assessee's business activities and that the machinery had been wholly used for the business. Therefore, the development rebate was allowed for the assessment year 1975-76. Case-Laws Income Tax Mon, 12 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61744