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2017 (8) TMI 644 - HC - Income TaxReopening of assessment - deduction u/s 10B - eligibility - no manufacturing activity - Held that:- It is not disputed that the only ground on which the respondents are trying to sustain the impugned assessment after the notice under Section 147 of the said Act is on the basis that the petitioners were not carrying out manufacturing activities, cannot be a ground to refuse the benefits of deduction in terms of Section 10B of the said Act. The petitioners in fact as such were entitled for the said deduction which otherwise stood concluded by the Assessment Order passed in the proceedings under Section 143 of the said Act in regular Assessment Order. - Decided in favour of assessee.
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