https://www.taxtmi.com/caselaws?id=69710 The Appellate Tribunal ITAT MADRAS-B allowed the appeal regarding the allowance of development rebate for an offset machine installed on 30th March, 1975. Despite the Commissioner's contention of lack of evidence of usage in the accounting period, the Tribunal accepted the assessee's explanation of the machine being used on specific dates. It considered the definition of "installed" machinery and lack of reasons for non-usage, leading to the restoration of the development rebate initially allowed by the Income Tax Officer. The Tribunal found insufficient evidence to disregard the claim of machinery usage, resulting in a favorable outcome for the assessee. en-us Fri, 15 Sep 1978 00:00:00 +0530 Mon, 11 Apr 2011 16:47:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69710 The Appellate Tribunal ITAT MADRAS-B allowed the appeal regarding the allowance of development rebate for an offset machine installed on 30th March, 1975. Despite the Commissioner's contention of lack of evidence of usage in the accounting period, the Tribunal accepted the assessee's explanation of the machine being used on specific dates. It considered the definition of "installed" machinery and lack of reasons for non-usage, leading to the restoration of the development rebate initially allowed by the Income Tax Officer. The Tribunal found insufficient evidence to disregard the claim of machinery usage, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Fri, 15 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69710