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2001 (3) TMI 270 - ITAT MADRAS-BExtract: ......., therefore, direct the AO to allow deduction of the expenses as claimed by the assessee. 5. The other issue, which is consequential, namely, levy of interest under ss. 234B and 234C of the Act, in our opinion, can be considered in the light of our above directions while giving effect to this order. 6. In the result, the appeals are partly allowed.
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