https://www.taxtmi.com/caselaws?id=27666 The High Court of Punjab and Haryana ruled in favor of the assessee, stating that there was no legal obligation to create a reserve for the development rebate in a year with losses where no rebate could be allowed. The judgment was delivered in favor of the assessee, with costs awarded against the Revenue. Judge Rajendra Nath Mittal concurred with the decision. en-us Mon, 06 Feb 1984 00:00:00 +0530 Mon, 15 Feb 2010 12:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27666 The High Court of Punjab and Haryana ruled in favor of the assessee, stating that there was no legal obligation to create a reserve for the development rebate in a year with losses where no rebate could be allowed. The judgment was delivered in favor of the assessee, with costs awarded against the Revenue. Judge Rajendra Nath Mittal concurred with the decision. Case-Laws Income Tax Mon, 06 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27666