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The Commissioner of Income Tax-9, Mumbai Versus India Advantage Securities Ltd.

Application of Rule 8D(2)(iii) to compute the disallowance out of expenses - Held that:- After arguing this appeal for some time and on certain queries from this Court, Mr.Suresh Kumar seeks time. He desires to obtain instructions with regard to the computation of income and how the exercise was carried out for complying with rule 8(D)(ii) of the Income Tax Rules. Thus, whether with rule 8(D)(ii) and in terms referred by the Commissioner has been invoked and applied or that figures which are req .....

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