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    <title>2012 (12) TMI 582 - BOMBAY HIGH COURT</title>
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    <description>The High Court addressed issues related to the allowance of deductions under sections 80IA and 80HHC. The Court restored the matters to the Tribunal and Assessing Officer for fresh decisions, except for currency exchange gain, which was decided in favor of the assessee based on previous court decisions. The Court referenced relevant legal precedents and judgments, including the Supreme Court rulings in Liberty India v. CIT and ACG Associated Capsules Private Ltd. v. Commissioner of Income Tax. The appeal was disposed of in line with the law.</description>
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      <description>The High Court addressed issues related to the allowance of deductions under sections 80IA and 80HHC. The Court restored the matters to the Tribunal and Assessing Officer for fresh decisions, except for currency exchange gain, which was decided in favor of the assessee based on previous court decisions. The Court referenced relevant legal precedents and judgments, including the Supreme Court rulings in Liberty India v. CIT and ACG Associated Capsules Private Ltd. v. Commissioner of Income Tax. The appeal was disposed of in line with the law.</description>
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