1978 (9) TMI 76 - AT - Income Tax

Summary

The appeals were related to the claim of development rebate on electrical installation for asst. yrs. 1972-73 and 1973-74. The claim was rejected, but the tribunal allowed the appeals based on the definition of "plant" as per the decision of the Gujarat High Court in Elecon Engineering Co. Ltd. The electrical fittings were considered necessary for the smooth functioning of the plant, enabling the workers to run the machinery efficiently. The assessee was held entitled to the development rebate claim for both years.