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2012 (4) TMI 800 - ITAT AGRAExtract: .......peal of the Revenue with regard to giving of loans to the assessee. The interest paid on the loans have, therefore, been rightly allowed as deduction by the ld. CIT(A). There is no merit in the departmental appeal on any of the grounds. Same is accordingly dismissed. 7. In the result, the appeal is dismissed, The order pronounced in the open court.
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