https://www.taxtmi.com/caselaws?id=35989 Data processing equipment was held not to be an office appliance for development rebate purposes, following the court's earlier binding view, so the revenue's objection on that ground failed. The reserve condition for development rebate was also construed strictly: only actual use of the credited reserve during the statutory period for dividends, profits, or remittance outside India is prohibited, and remittances made before the reserve came into existence do not amount to utilisation of that reserve. On both issues, the reference was answered against the revenue and in favour of the assessee. en-us Fri, 10 Apr 1981 00:00:00 +0530 Thu, 18 Mar 2010 17:07:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35989 Data processing equipment was held not to be an office appliance for development rebate purposes, following the court's earlier binding view, so the revenue's objection on that ground failed. The reserve condition for development rebate was also construed strictly: only actual use of the credited reserve during the statutory period for dividends, profits, or remittance outside India is prohibited, and remittances made before the reserve came into existence do not amount to utilisation of that reserve. On both issues, the reference was answered against the revenue and in favour of the assessee. Case-Laws Income Tax Fri, 10 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35989