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    <title>2011 (9) TMI 1032 - ITAT MUMBAI</title>
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    <description>The ITAT allowed the assessee&#039;s appeal, directing the AO to grant deductions under sections 80IB and 80HHC based on the High Court&#039;s decision in Associated Capsules P. Ltd. v/s DCIT. The deductions were to be calculated on the profits remaining after excluding those allowed under section 80IA. The assessment was completed at an income of Rs. 73,54,340/- in favor of the assessee.</description>
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      <description>The ITAT allowed the assessee&#039;s appeal, directing the AO to grant deductions under sections 80IB and 80HHC based on the High Court&#039;s decision in Associated Capsules P. Ltd. v/s DCIT. The deductions were to be calculated on the profits remaining after excluding those allowed under section 80IA. The assessment was completed at an income of Rs. 73,54,340/- in favor of the assessee.</description>
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