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2011 (6) TMI 1004 - AT - Income TaxExtract: .......us the disallowance made by the AO out of the total expenses at 10% is excessive. We therefore, feel that it will be fair and reasonable to restrict the disallowance to ₹ 50,000/-. 5. In the result, the appeal of the revenue is dismissed and the appeal of the assessee is partly allowed. The order is pronounced in the open Court on 30-06-2011.
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