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COMMISSIONER OF INCOME-TAX versus SOUTHERN PETRO CHEMICAL INDUSTRIES CORPORATION LTD. (NO.1)


Indian Finance Act 1974 Development Waiver In some cases, the continuation of the development waiver should have been entered into the contract of purchase of machinery by section 16 of the Finance Act 1974, but the machinery or plant should have been levied after 31 5 1974 but 1 6 Prior to 1975, the SCC should not only meet the conditions set out in section 16 of the Finance Act 1974, but also cannot circumvent the conditions set out in Circular Section 33 of the CBDT, any one using machinery for business purposes The sign is not kava. Despite the provisions of section 16 of the Finance Act 1974, the granting of waiver grants, development waivers, has not been recorded by the tribunal whether the Assisi used the machinery in the year of installation or in the immediate succeeding year or case. Received remand in Indian Income Tax Act, 1961, Section 33 Indian Finance Act, 1974, Section 16

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