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1991 (9) TMI 28 - GUJARAT HIGH COURTExtract: ....... the purpose of its business, the interest paid to the bank could not have been disallowed as deduction under section 40(b). We, therefore, agree with the view taken by the Tribunal and answer the question which is referred to us in the affirmative and against the Revenue. The reference shall stand disposed of accordingly with no order as to costs.
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