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2002 (2) TMI 309 - ITAT CALCUTTA-E
Extract:
....... the expenditure has the effect for the period of loan which is stated to be for seven years in the alternate contention of the assessee. We, therefore, direct that 1/7th of the expenditure on service charges be allowed to the assessee as against 5 allowed by the C.I.T. (A). 3 to 32. These paras are not reproduced here as they involve minor issues.