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Issues: Whether a fork lift is plant and machinery for the purpose of section 80-I(2) of the Income-tax Act, 1961.
Analysis: The Court followed its earlier view in connected matters arising from the same assessee and held that a fork lift does not fall within the expression plant and machinery for the purpose of section 80-I(2). On that basis, the Tribunal's treatment of the fork lift as plant and machinery under the provision was found erroneous.
Conclusion: The issue was decided against the assessee and in favour of the Revenue.
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