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1987 (12) TMI 73 - AT - Income TaxExtract: ....... back to the Assessing Officer. Accordingly, we restore this matter to the Assessing Officer for bifurcating the expenditure of Rs. 1,00,000 towards the expenses for raising of loans and the expenses for the issue and subscription of new shares and allowing only the fee towards the raising of loans. 19. In the result, the appeal is allowed in part.
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