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2006 (3) TMI 201 - ITAT BOMBAY-G
Extract:
.......ived, that can be reduced and not 90 per cent of the gross interest. 33. In the light of the above observation of the Tribunal, we remand the matter back to the file of AO to decide the issue afresh, after providing adequate opportunity to the assessee of being heard. 34. In the result, appeal of the Revenue stands allowed for statistical purposes.