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1997 (12) TMI 155 - ITAT MADRAS-BExtract: .......of interest in the case of assessee are of no consequence. We do not find any commercial expediency for reducing the rate of interest of the assessee-company. Therefore, the Assessing Officer was justified in making the addition of Rs. 6,09,000 to the total income on account of interest accrued on 31-3-1982. 9. In the result, the appeal is allowed.
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