https://www.taxtmi.com/caselaws?id=37411 The judgment rules in favor of the assessee, determining that they are entitled to the development rebate at the rate of 35% for manufacturing iron bars and girders from scrap metal, in alignment with the Central Board of Direct Taxes' interpretation of the Fifth Schedule. The court emphasizes an inclusive interpretation of the provisions, allowing the assessee to benefit from the rebate for their manufacturing activities, with no costs awarded in the matter. en-us Tue, 03 Oct 1978 00:00:00 +0530 Mon, 29 Mar 2010 14:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37411 The judgment rules in favor of the assessee, determining that they are entitled to the development rebate at the rate of 35% for manufacturing iron bars and girders from scrap metal, in alignment with the Central Board of Direct Taxes' interpretation of the Fifth Schedule. The court emphasizes an inclusive interpretation of the provisions, allowing the assessee to benefit from the rebate for their manufacturing activities, with no costs awarded in the matter. Case-Laws Income Tax Tue, 03 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37411