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2009 (2) TMI 7 - HC - Income TaxInterest claimed by the assessee as deduction u/s 36(1)(iii) - no fault can be found with the impugned judgment of Tribunal having confirmed finding of fact that assessee was genuinely in the business of trading in shares - Revenue had not produced any material to discharge its onus that the borrowed funds on which interest has been claimed as deduction u/s 36(1)(iii) was utilized for the purposes of investment in shares - No substantial question of law arises – revenue’s appeal is dismissed
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