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1998 (12) TMI 127 - ITAT PUNEExtract: .......annot be said that it is a case of avoidance of tax by colourable device. We find that interest has been paid as per the terms of deed of partnership dt. 1st June, 1984. Therefore, the question of disallowance of interest does not arise. 8. In view of the above discussions, the order of CIT(A) is upheld and the appeals of the Revenue are dismissed.
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