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2000 (9) TMI 64 - BOMBAY HIGH COURTExtract: .......ore, we cannot see as to how the benefit under s. 32AB would not be allowed to an assessee who sends an advance for purchase of new machinery. In the circumstances, s. 32AB(1)(b) is applicable to the facts of this case and the assessee was entitled to claim benefit of the said section. Accordingly, the appeal is dismissed with no order as to costs.
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