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2015 (2) TMI 625 - ITAT DELHIEligibility of deduction u/s 80IC - Held that:- In the present case before us there is no dispute that assembling of different components / parts has resulted in formation of a commercially new and distinct products from the inputs used in its manufacture / production. In another words the parts used in isolation cannot purify the air which is object of the air purifier unless these parts are assembled to achieve the object. We thus fully concur with the finding of t he Ld. CIT(A) and the reasoning given by him which is fully supported by the decisions followed by him in this regard that the assessee was involved in the process of manufacturing of the air purifier and was thus eligible for claiming deduction u/s 80IC of the Act. Besides it is also worth to note that the local authorities like District Industries Centre, etc. have also recognized the assessee as a manufacturer. We are thus not inclined to interfere with the finding of the Ld. CIT(A) in this regard. - Decided in favour of assessee.
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