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2007 (11) TMI 438 - ITAT MUMBAIExtract: .......n violation of direction of RBI, the Assessing Officer is legally and factually correct in disallowing a sum of Rs. 8,74,321. In the impugned order, the learned CIT(A) has given cogent reason for upholding the disallowance made by the Assessing Officer. We, therefore, decline to interfere. 34. In the result, the appeal of the assessee is dismissed.
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