https://www.taxtmi.com/caselaws?id=39815 The High Court ruled in favor of the assessee, holding that 'straw-board' falls within the definition of "paper and pulp" under both the Finance Act, 1965, and item 16 of the Fifth Schedule to the Income-tax Act, 1961. The Court concluded that the manufacturing process of straw-board is similar to paper, and its primary use for packing aligns with the use of paper. The assessee was entitled to concessional rates, higher development rebate, and deductions under section 80E for the relevant assessment years. en-us Thu, 09 May 1974 00:00:00 +0530 Tue, 20 Apr 2010 13:48:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39815 The High Court ruled in favor of the assessee, holding that 'straw-board' falls within the definition of "paper and pulp" under both the Finance Act, 1965, and item 16 of the Fifth Schedule to the Income-tax Act, 1961. The Court concluded that the manufacturing process of straw-board is similar to paper, and its primary use for packing aligns with the use of paper. The assessee was entitled to concessional rates, higher development rebate, and deductions under section 80E for the relevant assessment years. Case-Laws Income Tax Thu, 09 May 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39815