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1980 (4) TMI 50 - HC - Income TaxExtract: .......ghtly come to the conclusion that the advances to Delhi Auto were for business purposes and that there was no agreement to pay interest for reasons of business expediency. We, therefore, answer the question that is referred to us in the affirmative and against the applicant. Since the respondent has not appeared, there will be no order as to costs.
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