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2007 (6) TMI 275 - ITAT VISAKHAPATNAMExtract: .......f the partnership firm, I am of the considered opinion that the AO was justified in correcting the error thereby disallowing the interest claimed by the assessee under s. 40(b) of the Act and he is also justified in making addition towards the interest receivable from the partners. 17. In the result, the appeals filed by the assessee are dismissed.
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