1989 (2) TMI 83

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..... er the entitlement of the assessee was to 15% or 25% of such rebate. The assessee had installed new machinery worth Rs. 7,80,645 during the assessment year 1974-75 and thereafter claimed development rebate in respect of it. The Tribunal allowed 25% development rebate and this is what led the following question to be referred to this court for its opinion : "Whether, on the facts and in the cir .....

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..... s. This being so, when the entry specifically mentions "made wholly or mainly of cotton", it must clearly be construed to exclude woollen hosiery. The argument of learned counsel for the assessee, however, was that as the word "cotton" does not occur immediately before the word "hosiery", it must be read in connection with "yarn" only and not with the words "hosiery" and "rope" that follow it. Suc .....

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