https://www.taxtmi.com/caselaws?id=29470 The court held that the development rebate reserve was effectively created in compliance with the relevant provisions before finalizing the accounts. The resolution by shareholders and adjustments made by the auditor were deemed satisfactory, leading to a ruling in favor of the assessee regarding eligibility for the development rebate under Section 34(3)(a) of the Income-tax Act, 1961. en-us Fri, 16 Apr 1982 00:00:00 +0530 Sat, 13 Mar 2010 11:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29470 The court held that the development rebate reserve was effectively created in compliance with the relevant provisions before finalizing the accounts. The resolution by shareholders and adjustments made by the auditor were deemed satisfactory, leading to a ruling in favor of the assessee regarding eligibility for the development rebate under Section 34(3)(a) of the Income-tax Act, 1961. Case-Laws Income Tax Fri, 16 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29470