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1978 (8) TMI 94 - ITAT ALLAHABAD-AExtract: .......wed at the rate of 35 per cent. We direct that the ITO should allow development rebate at 35 per cent on the quantum of machinery that has been installed and put to use during the previous year relevant to the assessment year under appeal as held by the AAC after verifying the items thereof. 11. In the result, the appeal of the assessee is allowed.
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