https://www.taxtmi.com/caselaws?id=36052 The High Court upheld the Revenue's appeal, emphasizing the ITO's awareness of the conversion and the need to withdraw the development rebate under section 155(5) due to the change in business structure. The Court highlighted procedural adherence and ruled in favor of the Revenue's position, citing the ITO's proper actions in the assessment process. en-us Wed, 27 Aug 1980 00:00:00 +0530 Fri, 19 Mar 2010 11:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36052 The High Court upheld the Revenue's appeal, emphasizing the ITO's awareness of the conversion and the need to withdraw the development rebate under section 155(5) due to the change in business structure. The Court highlighted procedural adherence and ruled in favor of the Revenue's position, citing the ITO's proper actions in the assessment process. Case-Laws Income Tax Wed, 27 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36052