https://www.taxtmi.com/caselaws?id=66446 The Tribunal dismissed the departmental appeals, ruling that the formation of the partnership did not constitute a transfer for withdrawing the development rebate. Additionally, the Tribunal held that the Income Tax Officer lacked jurisdiction to proceed under section 155(5) for debatable issues, as the pooling of assets into a partnership was considered highly debatable. en-us Tue, 27 Mar 1984 00:00:00 +0530 Thu, 24 Feb 2011 17:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66446 The Tribunal dismissed the departmental appeals, ruling that the formation of the partnership did not constitute a transfer for withdrawing the development rebate. Additionally, the Tribunal held that the Income Tax Officer lacked jurisdiction to proceed under section 155(5) for debatable issues, as the pooling of assets into a partnership was considered highly debatable. Case-Laws Income Tax Tue, 27 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66446