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1981 (4) TMI 89 - ORISSA HIGH COURTExtract: ....... partners are assessees different from the firm. We would, therefore, answer the question referred to us against the assessee by, saying that a partner is not entitled to the exemption under s. 80L of the Act in respect of interest earned by the firm on the bank deposits held in its name. There would be no order for costs. J. K. MOHANTY J.-I agree.
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