The assessee's claim for development rebate on certain assets.

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....ment order dated 15-2-58 for the assessment year 1957-58 the ITO rejected assessee's claim for development rebate on certain assets. The disallowance was upheld by the AAC as well as the Tribunal. The assessee filed a reference application u/s.66(1) of the I.T.Act,1922. The High Court decided the reference in assessee's favour in July, 1965. As per the directions of the High court the development ....