https://www.taxtmi.com/caselaws?id=20725 The High Court upheld the Tribunal's decision in favor of the assessee regarding the weighted deduction under section 35B of the Income-tax Act, 1961, based on a previous decision. However, the Court ruled against the assessee on the entitlement to development rebate, finding that the assessee did not follow the correct calculation method required by law. Consequently, the Court affirmed the Tribunal's decision on both issues, ultimately ruling in favor of the assessee on the weighted deduction but against them on the development rebate entitlement. en-us Thu, 11 Feb 1993 00:00:00 +0530 Sun, 02 May 2010 23:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20725 The High Court upheld the Tribunal's decision in favor of the assessee regarding the weighted deduction under section 35B of the Income-tax Act, 1961, based on a previous decision. However, the Court ruled against the assessee on the entitlement to development rebate, finding that the assessee did not follow the correct calculation method required by law. Consequently, the Court affirmed the Tribunal's decision on both issues, ultimately ruling in favor of the assessee on the weighted deduction but against them on the development rebate entitlement. Case-Laws Income Tax Thu, 11 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20725