https://www.taxtmi.com/caselaws?id=36257 The High Court held that the assessee is disentitled from carrying forward the development rebate only to the extent of Rs. 1,06,501, not Rs. 1,77,077 as determined by the Income-tax Officer. The Tribunal's reference to Rs. 1,06,773 was deemed a possible error, and the Tribunal was directed to rectify the figures accordingly. The final judgment favored the assessee, limiting the forfeiture amount and instructing the Tribunal to adjust the amount to be carried forward, with costs awarded and counsel's fee set at Rs. 500. en-us Mon, 22 Oct 1979 00:00:00 +0530 Sat, 20 Mar 2010 12:49:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36257 The High Court held that the assessee is disentitled from carrying forward the development rebate only to the extent of Rs. 1,06,501, not Rs. 1,77,077 as determined by the Income-tax Officer. The Tribunal's reference to Rs. 1,06,773 was deemed a possible error, and the Tribunal was directed to rectify the figures accordingly. The final judgment favored the assessee, limiting the forfeiture amount and instructing the Tribunal to adjust the amount to be carried forward, with costs awarded and counsel's fee set at Rs. 500. Case-Laws Income Tax Mon, 22 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36257