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2008 (3) TMI 298 - RAJASTHAN HIGH COURTSpecial deduction – industrial undertaking - contention of assessee is, that assessee company is an industrial undertaking, situated in the backward industrial State of District, therefore, the income earned is 100% exempted from tax, as per the provisions of S. 80-IA(2)(iv)(c) and S. 80IB - therefore, for determination of “book profit” as per Section 115JA, the 100 per cent. exempted income is required to be deducted – contention of assessee is acceptable - revenue’s appeal dismissed
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