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Interest as per Sect 234B & 234C not leviable on taxes payable under MAT - Bombay HC

Tax matter remanded back to CIT(A) for not adjudicating ground raised properly

Fair value of land existing as on the date of execution of deed to be considered

Entire purchase cannot be disallowed for some bogus transaction

Sec 10(46) exemption applicable on Maharashtra Electricity Regulatory Commission
