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    <title>2011 (1) TMI 1213 - ITAT HYDERABAD</title>
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    <description>The tribunal upheld the disallowance of expenses and depreciation on leased machinery but remitted the issue of deduction under section 80-IA back to the AO for fresh consideration. Interest under section 234B was treated as consequential. All appeals were partly allowed for statistical purposes, except ITA No. 720/Hyd./07 for the assessment year 2003-04, which was dismissed.</description>
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      <description>The tribunal upheld the disallowance of expenses and depreciation on leased machinery but remitted the issue of deduction under section 80-IA back to the AO for fresh consideration. Interest under section 234B was treated as consequential. All appeals were partly allowed for statistical purposes, except ITA No. 720/Hyd./07 for the assessment year 2003-04, which was dismissed.</description>
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