https://www.taxtmi.com/caselaws?id=25765 The first proviso to section 34(3)(a) of the Income-tax Act, 1961 exempted the assessee from creating and maintaining a development rebate reserve for claiming development rebate under section 33(1)(b)(B)(iv). That issue was treated as already concluded by an earlier decision between the same parties, which had held that the assessee fell within the proviso. On that basis, the connected question on allowance of development rebate in computing loss did not survive independently. The reference was answered in favour of the assessee and against the Revenue. en-us Tue, 10 Dec 1985 00:00:00 +0530 Sat, 30 Jan 2010 17:29:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25765 The first proviso to section 34(3)(a) of the Income-tax Act, 1961 exempted the assessee from creating and maintaining a development rebate reserve for claiming development rebate under section 33(1)(b)(B)(iv). That issue was treated as already concluded by an earlier decision between the same parties, which had held that the assessee fell within the proviso. On that basis, the connected question on allowance of development rebate in computing loss did not survive independently. The reference was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 10 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25765