https://www.taxtmi.com/caselaws?id=29332 The court held that the assessee-firm complied with the statutory conditions of Section 34(3) of the Income Tax Act before the assessment was completed. The Income Tax Officer's rejection of the revised return was overturned, and the development rebate was allowed. The court emphasized that there was no time limit for making the requisite entries and that accounts could be amended before the assessment was finalized. The court ruled in favor of the assessee, ordering the Revenue to pay the costs of the reference. en-us Fri, 25 Sep 1981 00:00:00 +0530 Fri, 12 Mar 2010 12:19:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29332 The court held that the assessee-firm complied with the statutory conditions of Section 34(3) of the Income Tax Act before the assessment was completed. The Income Tax Officer's rejection of the revised return was overturned, and the development rebate was allowed. The court emphasized that there was no time limit for making the requisite entries and that accounts could be amended before the assessment was finalized. The court ruled in favor of the assessee, ordering the Revenue to pay the costs of the reference. Case-Laws Income Tax Fri, 25 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29332