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<h1>High Court allows 25% development rebate for iron & steel manufacturing</h1> The High Court of Allahabad ruled in favor of the assessee, allowing a higher development rebate of 25% as they were engaged in the manufacture of iron ... Developement Rebate, Manufacture Of Iron Plates The High Court of Allahabad ruled in favor of the assessee, stating that they were engaged in the manufacture of iron and steel and were entitled to a higher development rebate of 25%. The court cited a Supreme Court judgment to support their decision.