https://www.taxtmi.com/caselaws?id=22564 The court ruled in favor of the assessee, allowing the deduction of unabsorbed development rebate carried forward from the assessment year 1973-74 to be claimed in the assessment year 1974-75. The court held that the entitlement to the deduction is not dependent on quantification by the tax authorities in the previous year, as long as the necessary conditions for deduction are met in the year the claim is made. The decision affirmed the Tribunal's ruling and directed the order to be sent to the Income-tax Appellate Tribunal, Patna Bench for reference. en-us Wed, 24 Oct 1990 00:00:00 +0530 Fri, 11 Dec 2009 11:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22564 The court ruled in favor of the assessee, allowing the deduction of unabsorbed development rebate carried forward from the assessment year 1973-74 to be claimed in the assessment year 1974-75. The court held that the entitlement to the deduction is not dependent on quantification by the tax authorities in the previous year, as long as the necessary conditions for deduction are met in the year the claim is made. The decision affirmed the Tribunal's ruling and directed the order to be sent to the Income-tax Appellate Tribunal, Patna Bench for reference. Case-Laws Income Tax Wed, 24 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22564