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1994 (4) TMI 71 - HC - Income TaxExtract: .......nt or machinery is owned by the assessee. Considering the undisputed fact and the decision of this court in thecase of Dhandia Gems Corporation 1994 208 ITR 923, we hold that the assessee is not entitled to weighted deduction under section 35B of the Act. Accordingly, the question posed is answered in favour of the Revenue and against the assessee.
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