https://www.taxtmi.com/caselaws?id=66141 The Tribunal dismissed the department's appeals, ruling in favor of the assessee. It held that the development rebate and investment allowance should not be withdrawn. The Tribunal upheld the weighted deduction under section 35B as directed by the Commissioner (Appeals). It emphasized that the agreement between the assessee and the lessee was a bailment, not a transfer, and therefore did not justify the withdrawal of the allowances. en-us Thu, 23 Jan 1986 00:00:00 +0530 Mon, 21 Feb 2011 17:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66141 The Tribunal dismissed the department's appeals, ruling in favor of the assessee. It held that the development rebate and investment allowance should not be withdrawn. The Tribunal upheld the weighted deduction under section 35B as directed by the Commissioner (Appeals). It emphasized that the agreement between the assessee and the lessee was a bailment, not a transfer, and therefore did not justify the withdrawal of the allowances. Case-Laws Income Tax Thu, 23 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66141