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1956 (12) TMI 44 - HC - Income TaxExtract: .......e the quantum paid as interest, to anything considered reasonable by the Taxing Authorities on subjective or objective standards. We answer the question referred to us in the negative and in favour of the assessee company. The assessee will be entitled to the costs of this reference. Counsel's fee ₹ 250. Question answered in the negative.
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