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1981 (4) TMI 35 - HC - Income TaxExtract: .......y the Tribunal. That being so, we would answer the question as follows On the particular facts and in the circumstances of the case, the Tribunal was right in law in holding that the amount of Rs. 13,020 was not disallowable from and out of the assessee claim for interest payment in respect of its borrowals. There shall be no order as to the costs.
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