https://www.taxtmi.com/caselaws?id=5792 The Supreme Court held in favor of the assessee, granting the development rebate for utilizing machinery in the production of processed textiles. The Court emphasized that the critical aspect was whether the machinery was used for the production of textiles, including processed textiles made mainly of cotton. The method of acquiring the cloth, whether purchased or produced from raw materials, did not impact eligibility for the rebate as long as the machinery was employed in the production of textiles. en-us Tue, 12 Jan 1999 00:00:00 +0530 Fri, 09 Sep 2016 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5792 The Supreme Court held in favor of the assessee, granting the development rebate for utilizing machinery in the production of processed textiles. The Court emphasized that the critical aspect was whether the machinery was used for the production of textiles, including processed textiles made mainly of cotton. The method of acquiring the cloth, whether purchased or produced from raw materials, did not impact eligibility for the rebate as long as the machinery was employed in the production of textiles. Case-Laws Income Tax Tue, 12 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5792