2007 (12) TMI 561

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....#39;Act'), the revenue is aggrieved by an order dated 18-5-2007 passed by the Income-tax Appellate Tribunal, Delhi Bench 'D', New Delhi ('Tribunal') in ITA No. 4338/D/2004 for the assessment year 2001-02. The present proceeding stems from an assessment order dated 26-3-2004 whereby the Assessing Officer disallowed Rs. 53,08,815 being 60% of the expenses claimed by the assessee ....