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2012 (11) TMI 1325 - AT - Income TaxExtract: .......ed by the A.O. that interest free advances given out of loan taken on interest. Thus, we have considered view that the addition made by the A.O., confirmed by the CIT(A) is not warranted. Accordingly, we delete the addition. 14. In the combined result, Assessee’s appeals are partly allowed. These Orders pronounced in open Court on 09.11.2012.
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