Continuation of development rebate in certain cases - Explanation to section 16(b) of the Finance Act, 1974 - "Coal-fired equipment" includes producer gas plants

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..... nt" includes producer gas plants 1. Reference is invited to Notification No. SO 2167, dated 28-5-1971 [printed above], of the Government of India, Ministry of Finance (Department of Revenue Insurance), under which the deduction in respect of development rebate under section 33 was not to be allowed in respect of a ship acquired or machinery or plant installed after May 31, 1974. However, se .....

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..... ce, etc., can be regarded as coal-fired equipment within the meaning of the Explanation to section 16( b ) of the Finance Act, 1974. Accordingly, the provision in section 16 of the Finance Act, 1974 relating to extension of development rebate in respect of coal-fired equipment will apply to producer gas-fired kiln, furnace, etc., as well. Circular : No. 170 [F. No. 202/35/75-IT(A-II)] .....

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