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1978 (11) TMI 33 - CALCUTTA HIGH COURTExtract: .......bunal was right in holding that the section does not stipulate that the interest will not be admissible if the amount given to the firm was not used by the firm for the purpose of its business. We, accordingly, answer the question in the affirmative and in favour of the assessee. There will be no order as to costs. SUDHINDRA MOHAN GUHA J.--I agree.
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