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    <title>2016 (7) TMI 621 - ITAT AHMEDABAD</title>
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    <description>The Tribunal partially allowed the Revenue&#039;s appeal for the Asstt.Year 2000-01, restoring the AO&#039;s order on debenture issue expenses and upholding the CIT(A)&#039;s deletion of EMI residual income addition. The assessee&#039;s appeals were partly allowed, directing the AO to verify the loan tenure for deduction under section 36(1)(viii) and including bad debt recovery in the eligible profit while excluding EMI residual income.</description>
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      <link>https://www.taxtmi.com/caselaws?id=330023</link>
      <description>The Tribunal partially allowed the Revenue&#039;s appeal for the Asstt.Year 2000-01, restoring the AO&#039;s order on debenture issue expenses and upholding the CIT(A)&#039;s deletion of EMI residual income addition. The assessee&#039;s appeals were partly allowed, directing the AO to verify the loan tenure for deduction under section 36(1)(viii) and including bad debt recovery in the eligible profit while excluding EMI residual income.</description>
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      <pubDate>Mon, 11 Jul 2016 00:00:00 +0530</pubDate>
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