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2007 (5) TMI 217 - HC - Income TaxAO made additions on account of disallowance under Section 40A (5) / 40A (6) as well as disallowance on account of concessional interest charged from the Managing Director on the borrowings/drawings – held that the difference between the concessional rate of interest and the market rate of interest on loans advanced to employees for building houses was not to be considered as a perquisite – tribunal was right in deleting additions - question is decided against the revenue
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