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1994 (12) TMI 15 - HC - Income TaxExtract: .......of the clear opinion that the assessee-company is not entitled to development rebate on the basis of the special provision contained in section 16(c) of the Finance Act, 1974. The question referred to us is, therefore, answered in the negative and in favour of the Revenue. Under the facts and circumstances of the case, we make no order as to costs.
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