https://www.taxtmi.com/caselaws?id=60790 The Tribunal allowed the appeals for both assessment years. For the assessment year 1975-76, the Tribunal directed that initial depreciation of Rs. 1,26,630 be allowed, replacing the erroneously claimed development rebate. For the assessment year 1977-78, the Tribunal directed that the investment allowance be granted as the assessee met the statutory requirements. en-us Fri, 19 Feb 1982 00:00:00 +0530 Sat, 08 Jan 2011 11:03:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60790 The Tribunal allowed the appeals for both assessment years. For the assessment year 1975-76, the Tribunal directed that initial depreciation of Rs. 1,26,630 be allowed, replacing the erroneously claimed development rebate. For the assessment year 1977-78, the Tribunal directed that the investment allowance be granted as the assessee met the statutory requirements. Case-Laws Income Tax Fri, 19 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60790