https://www.taxtmi.com/caselaws?id=38784 The High Court of Madras upheld the decision of the Tribunal, ruling in favor of the department regarding entitlement to development rebate post-dissolution of a partnership firm. The court emphasized that the conditions for development rebate allowance were not met due to the change in partnership structure and cessation of the original business, leading to the denial of the rebate claim by the former partners. en-us Thu, 11 Nov 1976 00:00:00 +0530 Fri, 09 Apr 2010 10:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38784 The High Court of Madras upheld the decision of the Tribunal, ruling in favor of the department regarding entitlement to development rebate post-dissolution of a partnership firm. The court emphasized that the conditions for development rebate allowance were not met due to the change in partnership structure and cessation of the original business, leading to the denial of the rebate claim by the former partners. Case-Laws Income Tax Thu, 11 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38784