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2002 (8) TMI 839 - HIGH COURT OF RAJASTHANExtract: .......as it does not manufacture article or things, it cannot be taken as an ‘industrial undertaking’. Therefore, the assessee is not entitled to any investment allowance. 6. In the result, we answer the question in the negative, i.e., in favour of the revenue and against the assessee. The reference application stands disposed of accordingly.
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