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1994 (12) TMI 11 - HC - Income TaxExtract: ....... appropriately satisfy the premises test . Hence, these items cannot qualify as plant . In view of this opinion of ours, we answer question No. 2 in the negative, i.e., against the assessee and in favour of the Revenue. This reference is disposed of accordingly. Having regard to the facts and circumstances of the case, we make no order as to costs.
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