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2004 (2) TMI 297 - ITAT HYDERABAD-BExtract: .......e which is favourable to the assessee should be adopted. Accordingly, we hold that 90 per cent of the net receipts should be excluded from the profits of business for the purposes of computing deduction under section 80HHC. The order of the CIT(A) is modified accordingly. 17. In the result, ITA No. 324 is allowed and 325 and 326 are partly allowed.
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