https://www.taxtmi.com/caselaws?id=36868 Enhanced development rebate under section 33 was admissible where machinery was installed for manufacture of an article listed in the Fifth Schedule and was wholly used in the assessee's business. The statutory language did not require exclusive use only for the scheduled manufacture; it was enough that the plant was acquired for business purposes and installed for producing the specified automobile ancillaries, even if it was also used for similar articles for other machinery. On that construction, the 35% rebate was allowable in favour of the assessee. en-us Mon, 30 Jan 1978 00:00:00 +0530 Thu, 25 Mar 2010 11:14:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36868 Enhanced development rebate under section 33 was admissible where machinery was installed for manufacture of an article listed in the Fifth Schedule and was wholly used in the assessee's business. The statutory language did not require exclusive use only for the scheduled manufacture; it was enough that the plant was acquired for business purposes and installed for producing the specified automobile ancillaries, even if it was also used for similar articles for other machinery. On that construction, the 35% rebate was allowable in favour of the assessee. Case-Laws Income Tax Mon, 30 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36868