https://www.taxtmi.com/caselaws?id=22425 The High Court held that the assessee was entitled to relief under section 80-I of the Income-tax Act for the manufacture of gears, even if used in the production of other products. The court also allowed a higher development rebate for machinery exclusively used in gear manufacturing. However, full depreciation on motor cars used for mixed purposes was denied, restricting it to a fair proportionate part. The court ruled partially in favor of the assessee and partially in favor of the Revenue, with no order as to costs due to the partial success of both parties. en-us Wed, 05 Dec 1990 00:00:00 +0530 Thu, 10 Dec 2009 10:44:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22425 The High Court held that the assessee was entitled to relief under section 80-I of the Income-tax Act for the manufacture of gears, even if used in the production of other products. The court also allowed a higher development rebate for machinery exclusively used in gear manufacturing. However, full depreciation on motor cars used for mixed purposes was denied, restricting it to a fair proportionate part. The court ruled partially in favor of the assessee and partially in favor of the Revenue, with no order as to costs due to the partial success of both parties. Case-Laws Income Tax Wed, 05 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22425