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2011 (6) TMI 1020 - ITAT KOLKATAExtract: .......the Act should have been 1% of the total exempt income. 8. The matter will now go to the regular Bench for passing the order as per the majority view”. Therefore, in accordance with the majority view, the appeal of the Department is dismissed whereas Cross Objection of the assessee is allowed. Order pronounced in the Open Court on 10.06.2011.
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