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1989 (5) TMI 48 - HC - Income TaxExtract: .......nder section 40(.b) of the Act. Since in this case the partners had paid more interest to the firm, the interest paid by the firm to the partners was rightly not disallowed by the Tribunal and the Tribunal was right in deleting the addition and we answer the referred question in favour of the assessee, in the affirmative, with no order as to costs.
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