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2007 (11) TMI 451 - AT - Income TaxExtract: .......aph 4 of that order, in which it was held that staff loans were given not for earning interest income, but to grant a benefit to them and, thus, the advances were made in the course of business of the assessee. Respectfully following that order, the appeal is allowed on this ground. 8. In the result, the appeal is partly allowed as indicated above.
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