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2012 (2) TMI 604 - AT - Income TaxDeduction u/s 80IA - Company formed with the objective of dealing in finance and investment - Held that:- Absence of any nexus between the impugned interest income and the industrial undertaking, the claim for deduction under section 80IA of the Act is untenable. subsidy received being in the nature of capital receipt - disallowance of foreign travel expenses
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