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1990 (9) TMI 8 - SCH - Income TaxWhether, on the facts and in the circumstances of the case, the Tribunal was justified in disallowing the interest payable under the U. P. Sugarcane Purchase Tax Act, 1961, for the assessee's failure to pay the cane cess and purchase tax - held that Interest paid on delayed payment of cane cess and purchase tax is allowable as a business expenditure.
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