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2012 (3) TMI 100 - HC - Income TaxDisallowance u/s 14A - The instruments resulting in tax free income were purchased the earlier years, whereas the bank loan was availed of in the present year - Further the bank loan was for a specific purpose, i.e. export of sugar and could not be used for any other purpose - Held that: as far as administrative expenses is concerned, the matter has been remitted back to the Assessing Officer - Appeal is disposed of
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