https://www.taxtmi.com/caselaws?id=27593 The court held that the assessee was not entitled to a 25% development rebate on machinery installed in B mills as staple fibre yarn did not fall within the definition of textiles made wholly or mainly of cotton. The court allowed the deduction of commission paid for the sale of old machinery as business expenditure, rejecting the Revenue's argument that it was capital expenditure. The case was certified for appeal to SC regarding the entitlement to development rebate. en-us Thu, 25 Feb 1982 00:00:00 +0530 Sat, 13 Feb 2010 17:29:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27593 The court held that the assessee was not entitled to a 25% development rebate on machinery installed in B mills as staple fibre yarn did not fall within the definition of textiles made wholly or mainly of cotton. The court allowed the deduction of commission paid for the sale of old machinery as business expenditure, rejecting the Revenue's argument that it was capital expenditure. The case was certified for appeal to SC regarding the entitlement to development rebate. Case-Laws Income Tax Thu, 25 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27593