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2014 (1) TMI 496 - HC - Income TaxApplicability of provisions of section 80I(8) & 80I(9) - Held that:- Following assessee's own case for A.Y. 1992-93 [1996 (7) TMI 178 - ITAT CHANDIGARH] wherein it was held that, If section 80-I(9) was read to include the transactions and arrangements between one unit of the assessee and another unit of the same assessee, as the ld. D. R. would like us to read, then section 80-I(8) would be rendered superfluous. It is well-settled that superfluity or absurdity cannot be attributed to Legislature. On a plain and fair reading of section 80-I(9), we hold that that section is not applicable in the assessee's case because no goods have been purchased from outside and the goods have gone from one unit of the assessee to another unit of the same assessee. We, therefore, hold that provisions of section 80-I(9) are not applicable to the instant case - Decided in favour of assessee.
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