https://www.taxtmi.com/caselaws?id=26793 The High Court upheld the Tribunal's decision, ruling that relief under section 80J of the Income-tax Act should not be prorated for part-year operations but granted for a full five years from the start of manufacturing. However, the Court denied the assessee's claim for a higher development rebate under section 33(1)(b)(B)(i) for manufacturing aluminium caps, distinguishing the finished product from raw materials eligible for the rebate. The judgment clarifies the application of tax provisions and principles in determining relief entitlement and rebates for the involved company. en-us Fri, 14 Dec 1984 00:00:00 +0530 Mon, 08 Feb 2010 15:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26793 The High Court upheld the Tribunal's decision, ruling that relief under section 80J of the Income-tax Act should not be prorated for part-year operations but granted for a full five years from the start of manufacturing. However, the Court denied the assessee's claim for a higher development rebate under section 33(1)(b)(B)(i) for manufacturing aluminium caps, distinguishing the finished product from raw materials eligible for the rebate. The judgment clarifies the application of tax provisions and principles in determining relief entitlement and rebates for the involved company. Case-Laws Income Tax Fri, 14 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26793