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    <title>2018 (1) TMI 1372 - ITAT KOLKATA</title>
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    <description>The Tribunal partly allowed the assessee&#039;s appeal, dismissing the revenue&#039;s appeal. Various disallowances under the Income Tax Act were contested, with the Tribunal ruling in favor of the assessee on several grounds such as disallowance under Section 14A, aircraft maintenance expenses, set-off of capital losses, and foreign currency payments. The Tribunal directed the AO to reexamine certain issues and consider evidence and legal precedents provided.</description>
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      <description>The Tribunal partly allowed the assessee&#039;s appeal, dismissing the revenue&#039;s appeal. Various disallowances under the Income Tax Act were contested, with the Tribunal ruling in favor of the assessee on several grounds such as disallowance under Section 14A, aircraft maintenance expenses, set-off of capital losses, and foreign currency payments. The Tribunal directed the AO to reexamine certain issues and consider evidence and legal precedents provided.</description>
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