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1997 (5) TMI 433 - HC - Income TaxExtract: ....... case it is undisputed that the interest has been credited in the books of assessee in India and, therefore, s. 40 (a)(i) is not attracted to the facts of the case and the interest paid to Smt. Meera Agarwal cannot be disallowed under that provision. The question is answered in the affirmative i.e. in favour of the assessee and against the Revenue.
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