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2004 (2) TMI 18 - HC - Income Tax"Whether, the Appellate Tribunal was right in holding that the activity of construction of building, etc., is an industrial undertaking for the purpose of section 80-I of the Income-tax Act, 1961?" - We hold that the asses-see, which is engaged in the business of construction, is not entitled to deduction under section 80-I of the Act. Accordingly, the question is answered in the negative, i.e., in favour of the Revenue and against the assessee.
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