1984 (8) TMI 161

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....lth tax<br>Member(s)&nbsp; : C. R. NAIR., T. N. C. RANGARAJAN. JUDGMENT: These appeals reiterate the claim of the assessee for exemption under s. 5(1)(xxxi) of the WT Act. 2. The assessee is ....

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....that the assessee fulfils the two conditions namely, that he is the owner of the assets and that it forms part of an industrial undertaking belonging to the assessee because the firms activity is afte....