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2009 (2) TMI 232 - ITAT BOMBAY-FExtract: .......wning any asset from this advance given and has only a right to use the asset being constructed by the NMPT the interest income cannot be adjusted in the cost of construction of refinery under expansion. Assessee s ground to that extent is partly allowed. AO is directed to rework out the income accordingly. 10. In the result, appeal partly allowed.
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