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2008 (11) TMI 48 - HIGH COURT DELHI
Whether the assessee was entitled to deduction as claimed, in respect of the profits derived from an industrial undertaking – held that both the Assessing Officer, as well as, the CIT (A) had failed to appreciate the facts and circumstances obtaining in the present case, as well as, the state of the law. The Tribunal’s judgment over-turning the said view of the authorities below and holding that assessee was entitled to the claim, cannot be faulted and hence, does not require any interference