https://www.taxtmi.com/caselaws?id=27792 The High Court of Karnataka held that a nationalized bank may be entitled to development rebate on safe deposit lockers under section 33(6) of the Income Tax Act if the lockers are located in an isolated area not used for administrative purposes. The Court directed the Income-tax Appellate Tribunal to rehear the case, emphasizing the need for a decision based on legal principles and consideration of additional evidence if required. The Tribunal's interpretation of section 33(6) as a total bar for plant and machinery in office premises was deemed too broad, and a narrow interpretation focusing on the actual usage of the area was warranted. en-us Mon, 29 Aug 1983 00:00:00 +0530 Tue, 16 Feb 2010 11:11:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27792 The High Court of Karnataka held that a nationalized bank may be entitled to development rebate on safe deposit lockers under section 33(6) of the Income Tax Act if the lockers are located in an isolated area not used for administrative purposes. The Court directed the Income-tax Appellate Tribunal to rehear the case, emphasizing the need for a decision based on legal principles and consideration of additional evidence if required. The Tribunal's interpretation of section 33(6) as a total bar for plant and machinery in office premises was deemed too broad, and a narrow interpretation focusing on the actual usage of the area was warranted. Case-Laws Income Tax Mon, 29 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27792