https://www.taxtmi.com/caselaws?id=17214 The Tribunal allowed the development rebate claim on plant and machinery for the assessment year 1975-76, emphasizing that a promoter can act on behalf of a company under incorporation, and the company can ratify such actions post-incorporation. The High Court directed the Tribunal to refer the question of law regarding the validity of the claim, ultimately disposing of the application without costs and instructing the Tribunal to take necessary actions within nine months. en-us Tue, 05 Nov 1996 00:00:00 +0530 Tue, 15 Sep 2009 18:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17214 The Tribunal allowed the development rebate claim on plant and machinery for the assessment year 1975-76, emphasizing that a promoter can act on behalf of a company under incorporation, and the company can ratify such actions post-incorporation. The High Court directed the Tribunal to refer the question of law regarding the validity of the claim, ultimately disposing of the application without costs and instructing the Tribunal to take necessary actions within nine months. Case-Laws Income Tax Tue, 05 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17214