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2008 (5) TMI 451 - ITAT MUMBAIExtract: .......development. The parameters laid down in section 40A(2)(a) are not satisfied in the present case and, therefore, no disallowance could have been made by the Assessing Officer. We, therefore, direct that the disallowance sustained by the CIT(A) be deleted. 25. In the result, the appeal by the assessee is allowed and that by the revenue is dismissed.
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