https://www.taxtmi.com/caselaws?id=22788 The High Court of Bombay ruled in favor of the assessee regarding the claim of development rebate allowance under section 33 of the Income-tax Act for the assessment years 1964-65 and 1966-67. The Tribunal's order was not sustained due to an amendment in section 34(3)(a) by the Finance Act, 1990. The questions were answered in the negative and in favor of the assessee. No costs were awarded. en-us Mon, 18 Feb 1991 00:00:00 +0530 Mon, 14 Dec 2009 10:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22788 The High Court of Bombay ruled in favor of the assessee regarding the claim of development rebate allowance under section 33 of the Income-tax Act for the assessment years 1964-65 and 1966-67. The Tribunal's order was not sustained due to an amendment in section 34(3)(a) by the Finance Act, 1990. The questions were answered in the negative and in favor of the assessee. No costs were awarded. Case-Laws Income Tax Mon, 18 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22788