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2011 (1) TMI 128 - AT - Income TaxDeduction - Deduction in respect of profits and gains derived from business - standing charges received by the assessee are reimbursement of expenses incurred by the assessee - standing charges are in the nature of ancillary profits, which at the best can be treated as attributable to the business of industrial undertaking - standing charges will not be eligible for deduction under section 80-IC of the Act – Appeal dismissed
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