https://www.taxtmi.com/caselaws?id=127842 The Supreme Court upheld the decisions of the High Courts favoring the assessees, dismissing Revenue's appeals. The assessees, steel rolling mills producing M.S. rods, bars, and rounds, were deemed eligible for the higher development rebate under s.33(1)(b)(B)(i)(a) and relief under s.80 I of the Income-tax Act, 1961. The judgment emphasized a broad interpretation of tax incentives to promote core industries like iron and steel, resolving judicial discrepancies and affirming the manufacturing nature of the products in question. en-us Tue, 12 Nov 1991 00:00:00 +0530 Fri, 08 Apr 2016 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127842 The Supreme Court upheld the decisions of the High Courts favoring the assessees, dismissing Revenue's appeals. The assessees, steel rolling mills producing M.S. rods, bars, and rounds, were deemed eligible for the higher development rebate under s.33(1)(b)(B)(i)(a) and relief under s.80 I of the Income-tax Act, 1961. The judgment emphasized a broad interpretation of tax incentives to promote core industries like iron and steel, resolving judicial discrepancies and affirming the manufacturing nature of the products in question. Case-Laws Income Tax Tue, 12 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127842