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1982 (6) TMI 8 - HC - Income TaxExtract: ....... and as a profit substitute derived from the priority industry, it is certainly entitled to be regarded at least as profits attributable to the priority industry within the meaning of s. 80E of the I.T. Act, 1961. Our answer to the question, therefore, is in the affirmative and in favour of the assessee. However, there will be no order as to costs.
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