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2001 (7) TMI 277 - AT - Income TaxExtract: .......industrial undertaking and hence, eligible for deduction under sections 80HH, 80-I and 32AB. 7. Therefore, on the facts and circumstances of the case, we are of the considered opinion that there was direct nexus between the Bank deposit, earning of interest and industrial undertaking. 8. In the result, the appeals filed by the Revenue is dismissed.
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