https://www.taxtmi.com/caselaws?id=26015 The High Court ruled in favor of the Revenue regarding depreciation on assets used in scientific research due to an amended provision of the Income-tax Act, 1961. However, the Court upheld the Tribunal's decision in favor of the assessee for entitlement to development rebate under section 33, emphasizing the factual nature of the issue. Additionally, the Court sided with the Revenue on the inclusion of borrowed capital in the capital base for relief under section 80J, following the interpretation of relevant provisions. The judgment provided a comprehensive analysis and resolved the issues based on specific legal interpretations and factual considerations. en-us Tue, 01 Jul 1986 00:00:00 +0530 Tue, 02 Feb 2010 12:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26015 The High Court ruled in favor of the Revenue regarding depreciation on assets used in scientific research due to an amended provision of the Income-tax Act, 1961. However, the Court upheld the Tribunal's decision in favor of the assessee for entitlement to development rebate under section 33, emphasizing the factual nature of the issue. Additionally, the Court sided with the Revenue on the inclusion of borrowed capital in the capital base for relief under section 80J, following the interpretation of relevant provisions. The judgment provided a comprehensive analysis and resolved the issues based on specific legal interpretations and factual considerations. Case-Laws Income Tax Tue, 01 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26015