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2014 (4) TMI 1236 - ITAT MUMBAIDisallowance of interest - HELD THAT:- As the issue involved in the present appeals of the assessee as well as all the material facts relevant thereto are similar to the case of Shri Hitesh S. Mehta [2013 (10) TMI 1065 - ITAT MUMBAI] decided by the Tribunal, the ld. Representatives of both the sides have agreed that the issue involved in the present case relating to disallowance of interest expenditure should also be sent back to the ld. CIT(A). Accordingly, we set aside the impugned orders of the CIT(A) confirming the disallowance made by the A.O. on account of interest expenditure and remit the matter back to him for deciding the same afresh.
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