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1992 (10) TMI 72 - HC - Income TaxExtract: .......d on money borrowed for payment of income-tax under the Act which is allowable as a deduction. Any other interest which is paid in relation to the delay in payment of tax would not be entitled to any deduction. For the aforesaid reasons, the question of law is answered in the affirmative and against the assessee. There will be no order as to costs.
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