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2008 (8) TMI 916 - ITAT BANGALOREExtract: .......1st April, 2001, the learned CIT(A) rightly upheld the action of the AO by justifying his action that there was no scope for hypothetical deduction of 100 percent expenditure of income from the book profit. The amount, therefore, was rightly brought to tax by the AO". 3. In view of the above, the appeal filed by the assessee is partly allowed.
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