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2012 (9) TMI 962 - ITAT AHMEDABADExtract: .......rt, we are of the view that in the present facts of the case the interest expenses incurred by the assessee has to be treated as business expenses and no disallowance can be made u/s.14A. We accordingly direct the deletion of the disallowance made by A.O. Thus this ground of assessee is allowed. 13. In the result, appeal of the assessee is allowed.
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