https://www.taxtmi.com/circulars?id=10322 The statutory definition of licensee excludes State Electricity Boards, so they are not regarded as licensees and are therefore not entitled to the benefit of the proviso to the development rebate provision; pending assessments are to be completed accordingly, remedial action taken where possible for completed assessments, and appeals defended on this basis. en-us Mon, 12 May 1975 00:00:00 +0530 Mon, 13 Jun 2011 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10322 The statutory definition of licensee excludes State Electricity Boards, so they are not regarded as licensees and are therefore not entitled to the benefit of the proviso to the development rebate provision; pending assessments are to be completed accordingly, remedial action taken where possible for completed assessments, and appeals defended on this basis. Circulars Income Tax Mon, 12 May 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10322