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2011 (7) TMI 186 - BOMBAY HIGH COURTUnder Section 80IB sub-section 14(c) of the Income Tax Act - Tribunal has failed to appreciate that the term “begins to manufacture or produce articles or things” - Since, the appellant, admission that the appellant paid sales tax on the products which were resold cannot lead to interpretation that they were not purchased for testing when in fact they were so purchased for testing - find that the judgment of the Tribunal does not consider the question whether the products were purchased for testing and, therefore, whether the activity of the assessee of using that products in the machine amounts to manufacture and whether the relevant year can be considered to be initial Assessment Year properly - Set aside the order of the Tribunal and remand the matter back to the Tribunal for fresh consideration in accordance with law.
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