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    <title>2011 (2) TMI 1405 - ITAT MUMBAI</title>
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    <description>The Tribunal allowed the assessee&#039;s appeal for statistical purposes regarding the disallowance of interest and other expenditure under section 14A, citing that Rule 8D was not applicable for the relevant assessment year. The Tribunal directed the Assessing Officer to re-examine the disallowances in accordance with the law. The Tribunal also upheld the CIT(A)&#039;s decision to delete the addition for &#039;provision for outstanding repo transactions,&#039; dismissing the revenue&#039;s appeal.</description>
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    <pubDate>Fri, 11 Feb 2011 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=177116</link>
      <description>The Tribunal allowed the assessee&#039;s appeal for statistical purposes regarding the disallowance of interest and other expenditure under section 14A, citing that Rule 8D was not applicable for the relevant assessment year. The Tribunal directed the Assessing Officer to re-examine the disallowances in accordance with the law. The Tribunal also upheld the CIT(A)&#039;s decision to delete the addition for &#039;provision for outstanding repo transactions,&#039; dismissing the revenue&#039;s appeal.</description>
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      <pubDate>Fri, 11 Feb 2011 00:00:00 +0530</pubDate>
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