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2006 (3) TMI 68 - HC - Income TaxBorrowed capital – bank interest on account of interest free advance –transaction in question entered into by assessee was genuine and proper and was for business purpose - payments towards professional charges for services relating to leasing of industrial gas cylinder was legal so tribunal was justified in deleting the addition on account of disallowance of interest – when there is no perversity pointed out in finding of tribunal then same can’t be interfered by HC
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