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1984 (9) TMI 47 - HC - Income TaxExtract: .......is, therefore, more than the amount of the development rebate of Rs. 354. The development rebate is, therefore, fully absorbed by the total income and nothing is left to be carried forward. The question put to us is, accordingly, answered in the negative and in favour of the Revenue. The assessee shall pay to the Revenue the costs of the reference.
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