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2010 (10) TMI 1081 - AT - Income TaxExtract: .......g stock as accepted by the bank, obviously such interest is an allowable expenditure. In the circumstances, this issue is also restored to the file of the Assessing Officer for re-adjudication. 12. In the result, the appeal of the Revenue is allowed for statistical purposes. 13. The order was dictated and pronounced in the open court on 14-10-2010.
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