https://www.taxtmi.com/circulars?id=8812 Income-tax Officers must check balance sheets for sales of machinery and verify whether development rebate was previously allowed; if an asset was disposed of within eight years of acquisition, the officer must promptly initiate withdrawal of the rebate under the reassessment provision, and if the earlier claim is pending in appeal or revision, notify the appellate/revision authority or record a note that rebate should be withdrawn if the claim is admitted. en-us Mon, 03 Jan 1972 00:00:00 +0530 Fri, 27 May 2011 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8812 Income-tax Officers must check balance sheets for sales of machinery and verify whether development rebate was previously allowed; if an asset was disposed of within eight years of acquisition, the officer must promptly initiate withdrawal of the rebate under the reassessment provision, and if the earlier claim is pending in appeal or revision, notify the appellate/revision authority or record a note that rebate should be withdrawn if the claim is admitted. Circulars Income Tax Mon, 03 Jan 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8812