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2013 (12) TMI 638 - ITAT MUMBAIDisallowance of interest u/s.36(1)(iii) – The assessee borrowed Rs. 2.45 crores for working capital requirements – The assessee has invested Rs. 1.53 crores in share application money and Rs. 1 crore in shares in its sister concern - Held that:-The assessee produced before CIT(A) the additional evidences which were not produced before AO - The CIT(A) deleted the disallowance without giving an opportunity of being heard to the AO - The issue set aside for fresh adjudication.
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