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    <title>2013 (12) TMI 640 - ITAT KOLKATA</title>
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    <description>The Appellate Tribunal partially allowed the assessee&#039;s seven appeals against the Commissioner of Income-tax (A), Central-II, Kolkata&#039;s orders for the assessment years 2003-04 to 2009-10. The Tribunal granted deductions for the opening balance and under section 80L of the Act for each assessment year, while restricting the addition of certain transactions from the undisclosed bank account. The Tribunal directed the Assessing Officer to consider only one of the transactions related to Auto Sweep investments and credits back and granted the benefit of telescoping in computing total income for subsequent assessment years.</description>
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    <pubDate>Mon, 04 Feb 2013 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=240975</link>
      <description>The Appellate Tribunal partially allowed the assessee&#039;s seven appeals against the Commissioner of Income-tax (A), Central-II, Kolkata&#039;s orders for the assessment years 2003-04 to 2009-10. The Tribunal granted deductions for the opening balance and under section 80L of the Act for each assessment year, while restricting the addition of certain transactions from the undisclosed bank account. The Tribunal directed the Assessing Officer to consider only one of the transactions related to Auto Sweep investments and credits back and granted the benefit of telescoping in computing total income for subsequent assessment years.</description>
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      <pubDate>Mon, 04 Feb 2013 00:00:00 +0530</pubDate>
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