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2004 (7) TMI 691 - AT - Income TaxExtract: .......is excludible to the extent of 90 per cent out of the profits of business in terms of Explanation (baa) to section 80HHC. Therefore, we direct the Assessing Officer to recompute the deduction under section 80HHC by applying Explanation (baa) to the impugned incomes in the aforesaid light. 12. The appeal of the assessee is, accordingly, disposed of.
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