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1994 (4) TMI 47 - HC - Income TaxExtract: ....... purchased from the open market for the formation of an industrial undertaking it will not be a disqualification under section 801(4)(ii) of the Income-tax Act, 1961, for the purpose of deduction under section 80J of the Act. Consequently, the reference is accordingly answered in favour of the Revenue and against the assessee. No order as to costs.
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