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1988 (4) TMI 113 - ITAT DELHI-DExtract: .......surplus capital was utilised for the purchase of plant and machinery of the new undertaking, namely, unit No. 2. 7. For these reasons, we hold that the assessee is entitled to the claim it made and we direct the authorities to compute the capital in a proper manner according to law and then allow the relief. 8. In the result, the appeal is allowed.
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