https://www.taxtmi.com/caselaws?id=37008 The court ruled in favor of the assessee, Tata Hydro Electric Power Supply Company Ltd., in the case concerning the qualification for development rebate under section 33 of the Income Tax Act, 1961. The court found that the substantial expenditure incurred on anchoring Walawhan Dam and cement grouting Shirawata Dam using the Coyne method resulted in the installation of new plant, meeting the requirements for the development rebate. The court upheld the Tribunal's decision, directing the revenue to pay the costs of the assessee. en-us Wed, 26 Jul 1978 00:00:00 +0530 Thu, 25 Mar 2010 18:34:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37008 The court ruled in favor of the assessee, Tata Hydro Electric Power Supply Company Ltd., in the case concerning the qualification for development rebate under section 33 of the Income Tax Act, 1961. The court found that the substantial expenditure incurred on anchoring Walawhan Dam and cement grouting Shirawata Dam using the Coyne method resulted in the installation of new plant, meeting the requirements for the development rebate. The court upheld the Tribunal's decision, directing the revenue to pay the costs of the assessee. Case-Laws Income Tax Wed, 26 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37008