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1987 (3) TMI 75 - ORISSA HIGH COURTExtract: ....... answer to the question, therefore, is that the assessee is not entitled to set off and/or adjust the unabsorbed development rebate of Rs. 5,57,794 for the year 1968-69 against the income of the assessment year 1976-77. In the result, the reference is answered in favour of the Department and against the assessee. No costs. R. C. PATNAIK J.-I agree.
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