https://www.taxtmi.com/caselaws?id=37609 The High Court affirmed the Tribunal's decision that safe deposit locker cabinets qualify as "plant" for development rebate, allowing the rebate for specific assessment years. However, the High Court ruled against the assessee regarding electrical installations, determining they were not "plant" but ordinary fixtures, leading to the denial of the development rebate claim. The assessee was ordered to pay the costs of the reference due to the primary question being decided against them. en-us Thu, 27 Jul 1978 00:00:00 +0530 Wed, 31 Mar 2010 10:04:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37609 The High Court affirmed the Tribunal's decision that safe deposit locker cabinets qualify as "plant" for development rebate, allowing the rebate for specific assessment years. However, the High Court ruled against the assessee regarding electrical installations, determining they were not "plant" but ordinary fixtures, leading to the denial of the development rebate claim. The assessee was ordered to pay the costs of the reference due to the primary question being decided against them. Case-Laws Income Tax Thu, 27 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37609