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1986 (6) TMI 49 - ITAT AHMEDABAD-AExtract: .......is plant and machinery at a price slightly higher than the cost so that in the event of destruction, loss or damage, it is fully compensated. In the circumstances, I agree with the learned Accountant Member and hold that the addition is not justified..My order will now go to the Division Bench for deciding the appeal according to the majority view.
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