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1993 (8) TMI 64 - HC - Income TaxExtract: .......he Revenue and in favour of the assessee and hold that the Tribunal was legally justified in holding that the payment of interest amounting to Rs. 97,289.52 was allowable in terms of clause (iii) of sub-section (1) of section 36 of the Act in the computation of the business income of the assessee. Accordingly, the reference is dismissed with costs.
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