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1998 (2) TMI 162 - AT - Income TaxExtract: .......rror while disallowing the claim of interest in respect of this amount, i.e., Rs. 3,90,951, as there was no nexus between such borrowings and investment made in subsidiary company s DTL in this assessment year. Therefore, this is allowable as a business expenditure. 20. In view of our above discussion, the assessee rsquo s appeal is partly allowed.
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