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2011 (1) TMI 1466 - AT - Income TaxExtract: .......Rule 8D is applicable only from the AY 2008-09 only. Therefore, by applying Rule 8D also, no disallowance can be made in this year which is relevant to the AY 2003-04. Therefore, the disallowance made by the AO stands deleted. 8. In the result, the appeal filed by the assessee is allowed. Decision pronounced in the open Court on 28th January, 2011.
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