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1989 (2) TMI 90 - PUNJAB AND HARYANA HIGH COURTExtract: ....... reserve in that year as no development rebate is actually to be allowed in that year and that the assessee could not, on that account, be denied the benefit of development rebate in the subsequent assessment years when profit is made and such a reserve is created. The reference is answered accordingly. There will, however, be no order as to costs.
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