https://www.taxtmi.com/caselaws?id=20481 Re-rolling of mild steel rods, bars and rounds was treated as manufacture within the statutory expression "iron and steel (metal)" in Schedule V, so the assessee was entitled to deduction under section 80-I and the higher development rebate under section 33(1)(b)(B)(i). As the relief was legally available on the merits, reopening under section 147(b) based on disallowance of that deduction was not justified. Both questions were answered in favour of the assessee, and the reference was decided against the Revenue. en-us Tue, 15 Jun 1993 00:00:00 +0530 Sat, 14 Nov 2009 12:06:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20481 Re-rolling of mild steel rods, bars and rounds was treated as manufacture within the statutory expression "iron and steel (metal)" in Schedule V, so the assessee was entitled to deduction under section 80-I and the higher development rebate under section 33(1)(b)(B)(i). As the relief was legally available on the merits, reopening under section 147(b) based on disallowance of that deduction was not justified. Both questions were answered in favour of the assessee, and the reference was decided against the Revenue. Case-Laws Income Tax Tue, 15 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20481