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2012 (4) TMI 685 - AT - Income TaxExtract: .......AO to decide this issue without applying rule 8D after giving assessee an opportunity to explain his contention that the investments are from own funds and not out of borrowed funds. Ground No.1 iv is allowed for statistical purposes. 13. In the result, appeal is allowed as discussed here in above . Order pronounced on this 11th day of April, 2012.
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