https://www.taxtmi.com/caselaws?id=69252 The Appellate Tribunal upheld the cancellation of orders passed by the ITO under section 144 of the IT Act, 1961, withdrawing development rebate for assessment years 1968-69, 1969-70, and 1970-71. The conversion of the individual business into a partnership led to the withdrawal of the rebate. The AAC justified canceling the orders due to their untimely passing under section 155(5), allowing the assessee's appeal. The Tribunal dismissed the Department's appeals and the assessee's cross objections as irrelevant, affirming the AAC's decision. en-us Mon, 04 Dec 1978 00:00:00 +0530 Wed, 06 Apr 2011 10:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69252 The Appellate Tribunal upheld the cancellation of orders passed by the ITO under section 144 of the IT Act, 1961, withdrawing development rebate for assessment years 1968-69, 1969-70, and 1970-71. The conversion of the individual business into a partnership led to the withdrawal of the rebate. The AAC justified canceling the orders due to their untimely passing under section 155(5), allowing the assessee's appeal. The Tribunal dismissed the Department's appeals and the assessee's cross objections as irrelevant, affirming the AAC's decision. Case-Laws Income Tax Mon, 04 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69252