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1979 (12) TMI 20 - HC - Income TaxExtract: .......refore, the Appellate Tribunal was right in holding that the claim for deduction of interest was not allowable under s. 36(1)(iii) of the Act. We, therefore, answer the question in the negative, in favour of the department and against the assessee. The department is entitled to its costs, which we assess at Rs. 200 and counsel s fee in like figure.
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