https://www.taxtmi.com/caselaws?id=25927 The court ruled against the assessee, denying the claim for development rebate on dumpers used for construction work in the assessment year 1974-75. The court determined that the dumpers were classified as road transport vehicles rather than tools of business for the assessee, based on the concession made by the assessee's counsel. The Revenue's challenge to the Income-tax Appellate Tribunal's decision was upheld, resulting in the denial of the rebate claimed by the assessee. en-us Fri, 07 Mar 1986 00:00:00 +0530 Mon, 01 Feb 2010 17:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25927 The court ruled against the assessee, denying the claim for development rebate on dumpers used for construction work in the assessment year 1974-75. The court determined that the dumpers were classified as road transport vehicles rather than tools of business for the assessee, based on the concession made by the assessee's counsel. The Revenue's challenge to the Income-tax Appellate Tribunal's decision was upheld, resulting in the denial of the rebate claimed by the assessee. Case-Laws Income Tax Fri, 07 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25927