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2007 (11) TMI 321 - AT - Income TaxExtract: .......ncurred by the assessee is to be allowed against brokerage income in full. For this reason, we feel that the order of learned CIT passed by him under s. 263 cannot be sustained because view taken by the AO is a possible view and therefore, we quash the order of learned CIT under d. 263. 16. In the result, this appeal of the assessee stands allowed.
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