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2004 (12) TMI 59 - HC - Income TaxDeduction under section 80J – "regular production" vis-a-vis "trial production" - production/manufacture - "Whether Tribunal was justified in holding that the assessee-company was entitled to deduction under section 80J of the Income-tax Act, 1961?" - To avail of the benefit of deduction under section 80J of the Act it is essential that regular production should take place during the previous year, relevant to the assessment year in question. This aspect of the matter was not considered by the Tribunal. It lost sight of the fact that there is a difference between the trial production and the production of goods or articles. Section 80J of the Act talks about "regular production" and not about "trial production" - Tribunal was not correct in holding that the assessee-company was entitled to deduction
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