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1980 (11) TMI 172 - AT - Income TaxExtract: .......profit rate, he would arrive at the commercial profit in such cases. Then, to the income arrived at on the basis of lesser profit rate, he would of course, have to separately add-back the interest paid which is hit by provisions of section 40(b). 16. In the light of our aforesaid conclusions, the appeal of the revenue is treated as allowed in part.
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