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2014 (5) TMI 515 - BOMBAY HIGH COURTDeduction u/s 80IB of the Act – Profits and gains from industrial activities – Infrastructural undertaking – Held that:- The Tribunal was rightly of the view that assessee does not satisfy and fulfill the condition of manufacturing or producing articles or things which have been specified in the Central Government Notification - Though the Assessee may be held to be manufacturing or producing articles or things from 1.4.1991 and ending on 31.3.1995, it is not engaged in manufacturing or production of articles or things which have been specified in the Notification published by the Central Government in the official Gazette - the deduction has been rightly disallowed - No assistance can be derived from Section 80IA because that is in relation to the undertakings which are engaged in infrastructure development - Such of the industrial undertakings or enterprises which are engaged for infrastructure development alone are covered by Section 80IA - the disallowance has been rightly confirmed throughout – no substantial question of law arises for consideration – Decided against Assessee.
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