https://www.taxtmi.com/caselaws?id=61279 The appellate tribunal partially allowed the appeal, granting relief to the assessee under section 80J of the IT Act, 1961, by directing the authorities to allow the deduction for profits from industrial undertakings. However, the claim for a higher development rebate at the rate of 25% for manufacturing cycle frames was dismissed, with a rebate of 15% being allowed instead. The tribunal upheld the decision of the authorities regarding the development rebate claim, emphasizing the interpretation of relevant provisions and legal principles. en-us Sat, 28 May 1983 00:00:00 +0530 Wed, 12 Jan 2011 10:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61279 The appellate tribunal partially allowed the appeal, granting relief to the assessee under section 80J of the IT Act, 1961, by directing the authorities to allow the deduction for profits from industrial undertakings. However, the claim for a higher development rebate at the rate of 25% for manufacturing cycle frames was dismissed, with a rebate of 15% being allowed instead. The tribunal upheld the decision of the authorities regarding the development rebate claim, emphasizing the interpretation of relevant provisions and legal principles. Case-Laws Income Tax Sat, 28 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61279