2007 (3) TMI 748

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....peal was admitted on 11-1-2005 and the following substantial question of law was framed : "Whether the Income-tax Appellate Tribunal was correct in law in holding that assessee is entitled to reduce interest paid by it from the interest received by it, while calculating deduction under section 80HHC(4A) read with Explanation (baa) of the Income-tax Act, 1961?" 2. Although the appellant had, ....