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2004 (11) TMI 284 - AT - Income TaxExtract: .......se facts and circumstances and in view of the various decisions discussed above, I hold that assessee is liable to get deduction of various expenses claimed in P and L a/c, against the interest income and profit on sale of shares. Accordingly, I direct the AO to rectify his order accordingly. 6. In the result, the appeal of the assessee is allowed.
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