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2012 (10) TMI 1133 - AT - Income TaxDisallowance of expenses computing the income from Hawala business - Held that:- CIT(A) is not correct in stating that the A.O. had not disallowed the interest expenses. There is also no finding by the A.O. that the interest expenses were not genuine. Therefore, in our view, the order of the CIT(A) which is based on wrong facts cannot be sustained. Therefore, set aside the order of the CIT(A) and allow the claim of interest of ₹ 1,04,703/-.
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