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2009 (1) TMI 12 - AAR - Income TaxEligibility for deduction u/s 80 IC(2) - raw castings have to pass a detailed description of process to acquire a different name ‘machined castings’ – new product ‘machined casting’ has been utilized as an essential part of a tractor - raw casting not retained substantial identity - applicant’s enterprise can be said to have undertaken business activities which amount to manufacture/production of an article different from the raw casting and therefore merits requisite deduction u/s 80-IC(2)
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