1978 (9) TMI 76

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the AAC. 2. The common ground which governs both the years under appeal relates to the claim of development rebate on electrical installation amounting to Rs. 9,471 for the asst. yr.1972-73 and Rs. 2,710 for the asst. yr. 1973-74. The assessee had claimed development rebate on electrical fittings and installation as indicated above and the claim was rejected by the authorities below on the gro....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... a businessman for carrying on his business. It is not necessarily confined to an apparatus which is used for mechanical operation or processes or is employed in mechanical or industrial business. It would not, however, cover the stock-in-trade, that is, goods bought or made for sale by a businessman. It would also not include an article which is merely a part of the premises in which the business....