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1933 (7) TMI 19 - THE COURT OF APPEALExtract: .......As I understand it, the reason why interest is not deductible in such a case -that is to say, interest on capital brought in by a partner for the purpose of ascertaining the partnership profits-is because Rule 3(l) prevents the deduction of interest in any case. For these reasons, it appears to me that this appeal should be allowed. Appeal allowed.
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