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2000 (7) TMI 971 - AT - Income TaxExtract: .......36(1)(iii) enacts the same principle. The assessee in the present case is therefore, entitled to the deduction of the interest paid on monies borrowed for investment in the firm in which he is a partner, against the amount received by him from the firm as remuneration and assessed under the head business. I direct accordingly and allow the appeals.
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