695/CBDT.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... it is found that the ship, machinery or plant on which the development rebate was allowed, has been sold or otherwise transferred by the assessee to any person other than those mentioned in section 34(3)(b)(ii) at any time before the expiry of eight years from the end of the previous year, in which it was acquired or installed. 2. The Board had occasion to consider the implication of the express .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X