https://www.taxtmi.com/caselaws?id=26110 The High Court ruled in favor of the assessee, now known as Apeejay Industries (P) Ltd., allowing the claim for development rebate on gas cylinders used in the business of hiring out. The Court rejected the Revenue's argument that the cylinders were not part of the assessee's business, upholding the Tribunal's decision. No costs were awarded in the case. en-us Wed, 20 Nov 1985 00:00:00 +0530 Tue, 02 Feb 2010 18:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26110 The High Court ruled in favor of the assessee, now known as Apeejay Industries (P) Ltd., allowing the claim for development rebate on gas cylinders used in the business of hiring out. The Court rejected the Revenue's argument that the cylinders were not part of the assessee's business, upholding the Tribunal's decision. No costs were awarded in the case. Case-Laws Income Tax Wed, 20 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26110