https://www.taxtmi.com/caselaws?id=66669 The appeal by Hindustan Polymers Ltd. involved the allowance of development rebate on technical know-how fees and capitalised amount due to exchange rate fluctuations for the assessment year 1974-75. The ITAT held that the assessee could claim a higher or lesser rebate on eligible items as the entire issue was sent back to the ITO. The ITAT also supported the admissibility of development rebate on technical know-how fees and entitlement for development rebate on exchange fluctuations, remitting these aspects back to the ITO for further assessment based on the principles claimed by the assessee. The appeal was treated as allowed for statistical purposes, concluding the judgment. en-us Tue, 13 Dec 1983 00:00:00 +0530 Sat, 05 Mar 2011 15:03:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66669 The appeal by Hindustan Polymers Ltd. involved the allowance of development rebate on technical know-how fees and capitalised amount due to exchange rate fluctuations for the assessment year 1974-75. The ITAT held that the assessee could claim a higher or lesser rebate on eligible items as the entire issue was sent back to the ITO. The ITAT also supported the admissibility of development rebate on technical know-how fees and entitlement for development rebate on exchange fluctuations, remitting these aspects back to the ITO for further assessment based on the principles claimed by the assessee. The appeal was treated as allowed for statistical purposes, concluding the judgment. Case-Laws Income Tax Tue, 13 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66669