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2011 (7) TMI 81 - HC - Income TaxDeduction u/s 80 HH - Whether the Appellate Tribunal is right in excluding the receipts of Rs.34,37,154/- from sub contract in the computation of eligible business income for the purpose of computation of relief u/s 80 HH - Since, the assessee's unit at Krishnapuram has its own accounts maintained separately as an independent unit and that out of the production process, it has derived income therein - Thus, it satisfied the test as given under Section 80 HH of the Income Tax Act, which qualifies for deduction in respect of receipts on job work done at the Krishnapuram Unit - Following the decisions CIT Vs. T.N. Heat Treatment [1998 -TMI - 16154 - MADRAS High Court], set aside the order of the Tribunal - Answered in favour of the assessee.
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