1983 (8) TMI 24

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..... vered by SINGH C.J.-The question of law referred to in this case is as follows : " Whether, on the facts and in the circumstances of the case, the development rebate of Rs. 2,000 allowed in the original assessment can be legally withdrawn by the Income-tax Officer by invoking the provisions of section 154 of the Income-tax Act, 1961 ? " The reference relates to the assessment year 1967-68. In t .....

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..... ness income or as income from other sources. The supplementary statement, which has now been received, does not indicate that there was any material on the record of the assessment case for the year 1967-68 to show that the machinery was let out by the assessee and was not used for his business. It appears that in the return filed for the year 1968-69, the assessee showed that the machinery was le .....

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