https://www.taxtmi.com/caselaws?id=35909 The court dismissed the petition, upholding the Income Tax Officer's order and confirming that the transactions under Exs. P-2 and P-3 constituted a valid transfer of assets and liabilities. The constitutional validity of sections 33(3) and (4) and 155(5) was not in question, and the withdrawal of the development rebate was justified. The appeal was dismissed with no order as to costs. en-us Thu, 12 Jul 1979 00:00:00 +0530 Wed, 17 Mar 2010 17:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35909 The court dismissed the petition, upholding the Income Tax Officer's order and confirming that the transactions under Exs. P-2 and P-3 constituted a valid transfer of assets and liabilities. The constitutional validity of sections 33(3) and (4) and 155(5) was not in question, and the withdrawal of the development rebate was justified. The appeal was dismissed with no order as to costs. Case-Laws Income Tax Thu, 12 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35909