https://www.taxtmi.com/caselaws?id=26732 The court held that for computing the deduction for development rebate, section 43A(1) should be disregarded. The judgment clarified that the calculation should proceed as if section 43A(1) does not apply, emphasizing adherence to section 33. The Tribunal's interpretation was deemed correct, and the Revenue was directed to pay the reference costs. The Tribunal was tasked with determining the allowable development rebate based on sections 33 and 43(1) of the Income-tax Act, with parties given the chance to present arguments on asset cost and relevant calculation date. en-us Wed, 04 Sep 1985 00:00:00 +0530 Mon, 08 Feb 2010 12:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26732 The court held that for computing the deduction for development rebate, section 43A(1) should be disregarded. The judgment clarified that the calculation should proceed as if section 43A(1) does not apply, emphasizing adherence to section 33. The Tribunal's interpretation was deemed correct, and the Revenue was directed to pay the reference costs. The Tribunal was tasked with determining the allowable development rebate based on sections 33 and 43(1) of the Income-tax Act, with parties given the chance to present arguments on asset cost and relevant calculation date. Case-Laws Income Tax Wed, 04 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26732