https://www.taxtmi.com/caselaws?id=15874 The High Court affirmed the Tribunal's decision that the resistors manufactured by the assessee are classified as basic components of electronic communication equipment, entitling the assessee to a higher development rebate as a priority industry. The court rejected the Revenue's argument that the product did not qualify as "electronic equipment." As a result, the question of reopening the assessment under section 147(b) was deemed unnecessary to address. en-us Wed, 29 Oct 1997 00:00:00 +0530 Sat, 29 Aug 2009 16:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15874 The High Court affirmed the Tribunal's decision that the resistors manufactured by the assessee are classified as basic components of electronic communication equipment, entitling the assessee to a higher development rebate as a priority industry. The court rejected the Revenue's argument that the product did not qualify as "electronic equipment." As a result, the question of reopening the assessment under section 147(b) was deemed unnecessary to address. Case-Laws Income Tax Wed, 29 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15874