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2008 (2) TMI 283 - HC - Income TaxIndustrial undertaking – tribunals uphold the order of CIT by recording that it cannot be said that the new industrial undertaking has been brought into existence by reconstruction or by splitting up the old business or transferring the old plant & machineries – revenue contention that assessee had only installed two assembly lines, is not acceptable - hence Tribunal was justified in holding that there was negligible use of existing machinery so assessee was entitled for the deduction u/s 80I
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