https://www.taxtmi.com/caselaws?id=55282 The Appellate Tribunal ITAT Ahmedabad-A upheld the decision to withdraw the development rebate granted to the assessee for machinery sold within eight years of acquisition. Despite the assessee's arguments citing previous cases, the Tribunal emphasized the clear language of the relevant clause mandating rebate withdrawal in such instances. The decision was based on the fixed interpretation of 'year' in the context of the Income-tax Act, 1961, leading to the dismissal of the appeal and affirmation of the Commissioner (Appeals) order. en-us Tue, 20 Aug 1985 00:00:00 +0530 Thu, 25 Nov 2010 11:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55282 The Appellate Tribunal ITAT Ahmedabad-A upheld the decision to withdraw the development rebate granted to the assessee for machinery sold within eight years of acquisition. Despite the assessee's arguments citing previous cases, the Tribunal emphasized the clear language of the relevant clause mandating rebate withdrawal in such instances. The decision was based on the fixed interpretation of 'year' in the context of the Income-tax Act, 1961, leading to the dismissal of the appeal and affirmation of the Commissioner (Appeals) order. Case-Laws Income Tax Tue, 20 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55282