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1979 (8) TMI 94 - AT - Income TaxExtract: .......ing of goods but that does not help the Department s case in any manner since we have held that it was engaged in the manufacturing or production of goods. We, therefore, hold that the assessee is engaged in production or manufacturing of goods and allow the appeal and direct allowance of initial depreciation under s. 32(1)(vi) of the IT Act, 1961.
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