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1995 (2) TMI 103 - ITAT COCHINExtract: ....... the assessee in a sum of Rs. 10,60,000 was justified under r. 6DD(j) of the IT Rules. Hence, disallowance cannot be made under s. 40A(3) of the Act. For all these reasons disallowance of interest is deleted. 17. In the result, the appeal for the asst. yr. 1990-91 is partly allowed and the appeals for the asst. yrs. 1989-90 and 1991-92 are allowed.
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