https://www.taxtmi.com/caselaws?id=8882 The court quashed rectification notices for specific assessment years and directed the Income-tax Officer to allow development rebate for certain years. The computation of capital employed in industrial undertakings was clarified, emphasizing deductions related to specific undertakings only. Respondents were instructed to pay petition costs. en-us Wed, 25 Apr 1973 00:00:00 +0530 Tue, 16 Jun 2009 19:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8882 The court quashed rectification notices for specific assessment years and directed the Income-tax Officer to allow development rebate for certain years. The computation of capital employed in industrial undertakings was clarified, emphasizing deductions related to specific undertakings only. Respondents were instructed to pay petition costs. Case-Laws Income Tax Wed, 25 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8882