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2012 (10) TMI 1021 - SCH - Income TaxExpenditure in relation to income which does not form part of Total Income - Whether expenditure (including interest paid on funds borrowed) in respect of investment in shares of operating companies for acquiring and retaining a controlling interest therein is hit by section 14A of the Income tax Act, 1961 inasmuch as the dividend received on such shares does not form part of the total income.
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