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2009 (9) TMI 608 - HC - Income TaxInterest on borrowed capital - interest paid by the assessee was at a higher rate and investment made in a sister concern gave lower income - relationship between different concerns, where a transaction which is patently imprudent, takes place, the taxing authority should examine the question of business expediency – Tribunal failing to apply test of commercial expediency – Matter referred to a larger Bench
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