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1979 (5) TMI 93 - ITAT MADRAS-BExtract: .......trial undertaking . Even assuming that it sells the dyed yarn and thereafter buys cloth, it would still be an industrial undertaking, as it is engaged in the processing of yarn. We therefore, hold that the AAC was justified in accepting the claim of exemption for the assessee s interest in the said firm. 7. In the result, the appeals are dismissed.
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