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2014 (5) TMI 232 - HC - Income TaxExpenses on payment of lease rental incurred – Disallowance of interest expenses – Held that:- The Tribunal rightly held that disallowance of interest expenditure was not justified - the assessee had sufficient interest free funds available - Merely giving advances at the rate lower than the rate on which borrowings are made, cannot justify disallowance – thus, no substantial question of law arises for consideration – Decided against Revenue.
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