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2012 (5) TMI 758 - AT - Income TaxExtract: .......h before the Assessing Officer that there is no nexus between the exempt income and the interest expenditure incurred and the Assessing Officer is directed to apply Rule 8D accordingly. 7. In the result, appeal filed by the Revenue is allowed for statistical purposes. Order pronounced in Open Court on the date mentioned hereinabove at caption page.
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