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2016 (4) TMI 643 - AT - Income TaxDisallowance of expenses - Held that:- The lower authorities had not pointed out specific defects in claiming of expenses under all the heads. They made general observations. It is also a fact that under these heads, full bills cannot be obtained from the service provider, which is not verifiable. Therefore, in the interest of the justice, we restrict this addition @ 5%. - Decided in favour of assessee partly Disallowance u/s 40(a)(ia) - Held that:- It is undisputed fact that the assessee paid all the interest during the year, which was not payable on 31st March, 2007, therefore, by following the Hon'ble Allahabad High Court decision in the case CIT Vs. M/s Vector Shipping Services Pvt. Ltd.(2013 (7) TMI 622 - ALLAHABAD HIGH COURT ) and this Bench decision in various cases we delete the disallowance - Decided in favour of assessee
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