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1999 (12) TMI 15 - ALLAHABAD HIGH COURTExtract: .......s of the business. The Tribunal s direction that the disallowance be made by calculating the amount of interest at the same rate at which interest was paid by the assessee-company on the loans taken by it, is in accordance with law and we answer the aforesaid question in the affirmative, i.e., against the assessee and in favour of the Commissioner.
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