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1998 (4) TMI 59 - MADRAS HIGH COURTExtract: ....... of the case, the Tribunal was right in holding that the interest paid to the partners representing the smaller Hindu undivided families should be disallowed under section 40(b) of the Income-tax Act, 1961 ? Our answer to the question is in the negative in favour of the assessee and against the Revenue. The assessee is entitled to costs of Rs. 750.
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