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2012 (8) TMI 1024 - HC - Income TaxExtract: .......cordingly answered in favour of the assessee on the ground that the AO had wrongly added back FBT to net profit, when the same is an allowable deduction as FBT does not fall under the expression “income tax”, under Explanation 1 to section 115JB (2). Consequently the Revenue’s contentions fail and its appeal is dismissed. o p /o p
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