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2008 (4) TMI 230 - HC - Income TaxInterest free loans were given by the assessee as a prudent businessman with certain commercial and business purpose in mind - Tribunal has given a finding of fact that the interest free advances of Rs.1,54,20,945 given represents only 8.8% of loans aggregating to Rs.17,52,67,529 - Tribunal after considering the explanation and confirmation has given a finding to the effect that the ledger accounts of the parties in the books of accounts have duly been confirmed – no questions of law involved
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