https://www.taxtmi.com/caselaws?id=25800 The court ruled in favor of the Revenue on all issues presented in the case. The assessment order for the assessment year 1965-66 was deemed timely, the assessee was not classified as an industrial company, ownership for depreciation and development rebate was denied, expenditure was classified as capital, and interest income was recognized. The Tribunal's decisions were upheld in all aspects, supporting the Revenue's position throughout the case. en-us Tue, 20 Jan 1987 00:00:00 +0530 Mon, 01 Feb 2010 10:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25800 The court ruled in favor of the Revenue on all issues presented in the case. The assessment order for the assessment year 1965-66 was deemed timely, the assessee was not classified as an industrial company, ownership for depreciation and development rebate was denied, expenditure was classified as capital, and interest income was recognized. The Tribunal's decisions were upheld in all aspects, supporting the Revenue's position throughout the case. Case-Laws Income Tax Tue, 20 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25800