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1989 (12) TMI 5 - HC - Income TaxExtract: ....... on by the assessee is relevant to consider the nature of the main activity of the assessee. Therefore, we are of the view that the assessee in this case was rightly held, as not an industrial company within the meaning of section 2(9)(c) of the Finance Act, 1976. The question is accordingly answered in the affirmative and in favour of the Revenue.
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