https://www.taxtmi.com/caselaws?id=19550 The court concluded that the classification of the product as raw material or a finished product determines its eligibility for development rebate under item No. 1 or item No. 11 of the Fifth Schedule. The court emphasized that the rebate is permissible if the product retains the character of iron and steel or is an article made of iron and steel. No costs were awarded. en-us Mon, 21 Nov 1994 00:00:00 +0530 Sat, 07 Nov 2009 10:20:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19550 The court concluded that the classification of the product as raw material or a finished product determines its eligibility for development rebate under item No. 1 or item No. 11 of the Fifth Schedule. The court emphasized that the rebate is permissible if the product retains the character of iron and steel or is an article made of iron and steel. No costs were awarded. Case-Laws Income Tax Mon, 21 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19550