https://www.taxtmi.com/caselaws?id=14113 Higher development rebate was not available for machinery used in producing steel castings and forgings where the activity formed only an intermediary stage in a larger industrial process. The Court applied the established test of manufacture and production, relying on Supreme Court principles and earlier precedent, and held that the mere existence of an intermediate product did not by itself satisfy the statutory basis for the higher rate. On that reasoning, the claim failed and the Revenue's position was upheld. en-us Tue, 05 Dec 2000 00:00:00 +0530 Mon, 13 Jul 2009 17:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14113 Higher development rebate was not available for machinery used in producing steel castings and forgings where the activity formed only an intermediary stage in a larger industrial process. The Court applied the established test of manufacture and production, relying on Supreme Court principles and earlier precedent, and held that the mere existence of an intermediate product did not by itself satisfy the statutory basis for the higher rate. On that reasoning, the claim failed and the Revenue's position was upheld. Case-Laws Income Tax Tue, 05 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14113