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    <title>2016 (1) TMI 781 - ITAT MUMBAI</title>
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    <description>The Tribunal dismissed the revenue&#039;s appeal for AY 2007-08 and CO no. 237/Mum/2012 for AY 2008-09, while partly allowing the assessee&#039;s appeal for AY 2008-09. The Tribunal ruled in favor of the assessee on various issues, including the addition of Rs. 5.29 Crores on account of settlement of Sales Tax Deferral Loan, disallowance of interest paid for delayed payment of statutory dues, and disallowance of sales tax deferral loan. The Tribunal based its decisions on judicial precedents and previous Tribunal orders, ultimately leading to the dismissal of the revenue&#039;s appeal and the partial allowance of the assessee&#039;s appeal.</description>
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      <description>The Tribunal dismissed the revenue&#039;s appeal for AY 2007-08 and CO no. 237/Mum/2012 for AY 2008-09, while partly allowing the assessee&#039;s appeal for AY 2008-09. The Tribunal ruled in favor of the assessee on various issues, including the addition of Rs. 5.29 Crores on account of settlement of Sales Tax Deferral Loan, disallowance of interest paid for delayed payment of statutory dues, and disallowance of sales tax deferral loan. The Tribunal based its decisions on judicial precedents and previous Tribunal orders, ultimately leading to the dismissal of the revenue&#039;s appeal and the partial allowance of the assessee&#039;s appeal.</description>
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