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1995 (3) TMI 173 - AT - Income TaxExtract: .......the learned CIT(A) and not disputed by the AO. If this fact is undisputable, then it also cannot be disputed that the assessee has earned more than 51 of its profit from such activity. The assessee, therefore, is entitled to be taxed at the rate applicable to industrial company and it is accordingly directed. 7. The appeal is, therefore, dismissed.
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