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1984 (1) TMI 13 - MADRAS HIGH COURTExtract: ....... s. 33(1)(b)(B)(i) read with item 32 of Schedule V to the Act. We hold that the assessee was not entitled to higher development rebate as the assessee was not engaged in the manufacture or production of textiles . We, therefore, answer questions Nos. 1 and 2 in the negative and in favour of the Revenue. There will, however, be no order as to costs.
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