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2010 (7) TMI 730 - HC - Income TaxDeduction under section 80-I of the Act - cost of the raw material and consumable stores purchased by SMS-I was transferred and debited to the profits and loss account of various units - units had realised the maximum realisable price from the head office - Held that:- section 80-I(8) are not applicable in the instant case and hence the proviso to section 80-I(8) can also not be invoked, entire exercise of re-allocation of various expenses on the facts and in the circumstances of the case was unwarranted, question answered against the Revenue.
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