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<h1>Appeal Dismissed by Bombay HC for Meeting Section 11(4A) Conditions</h1> The Bombay HC dismissed the appeal as the ITAT found the assessee met Section 11(4A) conditions under the Income Tax Act, 1961. The issue of whether the ... - The Bombay High Court dismissed the appeal as the ITAT found that the assessee met the conditions of Section 11(4A) of the Income Tax Act, 1961. The question of whether the income was business income was not addressed by the ITAT.
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