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    <title>2000 (3) TMI 167 - ITAT CALCUTTA-B</title>
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    <description>The Tribunal allowed the appeal in part. It held in favor of the assessee regarding the disallowance of premium on redemption of debentures, entertainment expenditure, contribution to Indoxco Club, and deduction of amount transferred to debenture redemption reserve while computing &quot;book profit&quot; under section 115J. The Tribunal reversed the orders of the CIT(A) on all issues, ruling in favor of the assessee.</description>
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      <description>The Tribunal allowed the appeal in part. It held in favor of the assessee regarding the disallowance of premium on redemption of debentures, entertainment expenditure, contribution to Indoxco Club, and deduction of amount transferred to debenture redemption reserve while computing &quot;book profit&quot; under section 115J. The Tribunal reversed the orders of the CIT(A) on all issues, ruling in favor of the assessee.</description>
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