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1987 (12) TMI 7 - HC - Income TaxExtract: ....... which the deduction was disallowed by the Income-tax Officer was that production had not commenced during the previous year. Once it is held that the new units were only a continuation of the existing business, the said objection no longer subsists. In the result, we answer the second question also in the affirmative and in favour of the assessee.
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