https://www.taxtmi.com/circulars?id=8915 Allowance of the development rebate is limited to reserves that conform with the judicial tests set out in the cited Supreme Court and Gujarat High Court decisions; the Board's earlier circular of 14-10-1965 is withdrawn to the extent inconsistent. Income-tax officers are directed to complete pending assessments and review past assessments applying those judicial standards, and to take the same position in appeals to secure necessary disallowance, including by enhancement. en-us Fri, 27 Oct 1972 00:00:00 +0530 Mon, 30 May 2011 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8915 Allowance of the development rebate is limited to reserves that conform with the judicial tests set out in the cited Supreme Court and Gujarat High Court decisions; the Board's earlier circular of 14-10-1965 is withdrawn to the extent inconsistent. Income-tax officers are directed to complete pending assessments and review past assessments applying those judicial standards, and to take the same position in appeals to secure necessary disallowance, including by enhancement. Circulars Income Tax Fri, 27 Oct 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8915