https://www.taxtmi.com/caselaws?id=16613 The High Court of Madras ruled against the assessee, holding that they were not entitled to claim development rebate at an enhanced rate of 25 percent for certain machineries installed in their factory. The court found that the assessee did not meet the criteria set out in the Income-tax Act for claiming the enhanced development rebate, based on previous judgments and the specific provisions of the Act. The decision emphasized the importance of consistency in applying the law to similar factual situations, ultimately favoring the Revenue in this case. en-us Tue, 15 Apr 1997 00:00:00 +0530 Tue, 08 Sep 2009 18:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16613 The High Court of Madras ruled against the assessee, holding that they were not entitled to claim development rebate at an enhanced rate of 25 percent for certain machineries installed in their factory. The court found that the assessee did not meet the criteria set out in the Income-tax Act for claiming the enhanced development rebate, based on previous judgments and the specific provisions of the Act. The decision emphasized the importance of consistency in applying the law to similar factual situations, ultimately favoring the Revenue in this case. Case-Laws Income Tax Tue, 15 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16613