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1987 (4) TMI 38 - HC - Income TaxExtract: .......ee s business income. So treated, it must necessarily be attributed to the priority industry carried on by the assessee and must, therefore, qualify for deduction under section 80-I. In the circumstances, the second question for the assessment year 1969-70 must also be answered in the affirmative and in favour of the assessee. No order as to costs.
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