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2012 (7) TMI 996 - AT - Income TaxExtract: .......er is erroneous in so far as it relates to the computation of interest on the current account of the partner. We have already shown that the view of the Ld Cit is not sustainable in law. Accordingly, we set aside the impugned order passed by Ld CIT. 9. In the result, the appeal filed by the assessee is allowed. Pronounced accordingly on 27-07-2012.
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