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2011 (4) TMI 326 - AT - Income TaxDeduction u/s 10A - business or profession - Revenue has directing the A.O. to allow deduction under section 10A amounting to ₹ 5,78,432/- in respect of interest income, which according to the A.O. was not derived from the business or profession - There is no case for the Revenue on merits as the issue was held in against the Revenue by the ITAT order in the case of Living Stones Jewellery (P) Ltd. vs. DCIT , which the CIT(A) followed - Hence, appeal of the Revenue is dismissed.
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