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2006 (2) TMI 119 - HC - Income TaxDeduction under section 80-I allowed in impugned order holding that the photo processing machine installed by the assessee was used for the process of manufacturing and production of article or thing, entitling the assessee for deduction - Tribunal had rightly held that the processing of film and printing photographs from the negatives amounts to a manufacturing activity and is an industrial undertaking eligible for the benefit of section 80-I of the Act, and therefore, the assessee is entitled to investment allowance, we do not see any infirmity in the order of the Tribunal.
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