https://www.taxtmi.com/caselaws?id=27424 The court allowed both petitions, directing the tax authorities to review and rectify the assessments in accordance with CBDT circulars, and to grant the development rebate claimed by the petitioner companies. The court emphasized the binding nature of the CBDT circulars and the obligation of the tax authorities to follow them, ensuring that the assessees received the intended benefits. en-us Fri, 27 Jul 1984 00:00:00 +0530 Thu, 01 Dec 2016 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27424 The court allowed both petitions, directing the tax authorities to review and rectify the assessments in accordance with CBDT circulars, and to grant the development rebate claimed by the petitioner companies. The court emphasized the binding nature of the CBDT circulars and the obligation of the tax authorities to follow them, ensuring that the assessees received the intended benefits. Case-Laws Income Tax Fri, 27 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27424