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2007 (12) TMI 184 - HC - Income TaxCIT in revision order directed AO to recompute the taxable income of the assessee by disallowing the expenditure on account of interest paid to partners– AO had taken one view which was possble – moreover, there whould be no tax effect as the interest income realised from the capital invested by partners was bound to be asessed in partner’s hands - merely on the basis that another view is possible the Commissioner cannot acquire revisional jurisdiction
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