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2007 (1) TMI 301 - AT - Income TaxExtract: ....... reserve of an equivalent amount of deduction to the extent of Rs. 2,59,51,362. 10. In the result, we uphold the plea of the assessee and set aside the order of the CIT (Appeals) and direct the Assessing Officer to allow deduction to the assessee under section 36(1)(viii) of the Act, as claimed. 11. In the result, appeal of the assessee is allowed.
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