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    <title>2005 (6) TMI 476 - ITAT MUMBAI</title>
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    <description>The Tribunal ruled in favor of the assessee on various issues, including disallowance of expenses on mobilizing NRI deposits abroad, club subscriptions, interest receipts from overseas branches, holiday home and staff sports club expenses, expatriate staff salaries, adjustment of closing provision against bad debts, loss on revaluation, and exemption under section 10(15). The Tribunal reversed disallowances, confirmed deletions, and granted relief based on legal precedents and prior decisions, dismissing the revenue&#039;s appeals on these grounds.</description>
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      <title>2005 (6) TMI 476 - ITAT MUMBAI</title>
      <link>https://www.taxtmi.com/caselaws?id=117473</link>
      <description>The Tribunal ruled in favor of the assessee on various issues, including disallowance of expenses on mobilizing NRI deposits abroad, club subscriptions, interest receipts from overseas branches, holiday home and staff sports club expenses, expatriate staff salaries, adjustment of closing provision against bad debts, loss on revaluation, and exemption under section 10(15). The Tribunal reversed disallowances, confirmed deletions, and granted relief based on legal precedents and prior decisions, dismissing the revenue&#039;s appeals on these grounds.</description>
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