Allowance of development rebate.

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....ion(s) Referred: 33 Statute: Income - Tax Act, 1961 Kindly refer to instructions relating to allowance of development rebate contained in Board's circular F.No. 10/49/65-IT(A.I) dated 14-10-1965....

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....aforesaid two judicial pronouncements. 3. Necessary instructions may be issued to I.T. Officers to complete the pending assessments on the lines indicated above. Past assessments should be reviewed....