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1992 (1) TMI 138 - ITAT AHMEDABAD-B
Extract:
....... specific provisions in the trust deed. However, it is not our finding that there are no beneficiaries in respect of any part of the income. Consequently, the reason given by the CIT for disallowing interest cannot be sustained. We accordingly set aside the direction of the CIT to the ITO for disallowing interest. 18. The appeals are partly allowed