1969 (2) TMI 47 - HC - Income Tax

Whether the assessee is entitled to development rebate in respect of light fittings and water pipe fittings - items in question can in no sense be classified as office appliances to attract the second proviso to section 10(2)(vib) - regarded as plant within the meaning of that clause, these items are entitled to development rebate

Summary

The High Court of Madras ruled that the assessee is entitled to development rebate on light fittings, ceiling and pedestal fans, and water pipe fittings as they can be classified as plant and are eligible for development rebate under section 10(2)(vib) of the Act. The Tribunal's view was deemed incorrect, and the judgment favored the assessee, imposing costs on the revenue.