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2013 (8) TMI 983 - AT - Income TaxDisallowance of deduction u/s. 80IB - Held that:- As decided in assessee’s own case for AY 2007-08 the assessee’s eligible undertaking itself was independently carrying out the complete activity i.e. from mixing, grinding till the pelletisation. The raw materials once consumed cannot be reconverted into the same position. Its utility gets changed. The prime raw materials such as, maize, soya oil, rice bran, etc. can no more be regarded to be the rice bran, soya oil, maize.
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