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1979 (8) TMI 66 - HC - Income TaxExtract: .......ovision clearly excludes deductions of interest paid to partners, and if any authority was required that is to be found in the assessee s own case in Sri Ram Mahadeo Prasad v. CIT 1953 24 ITR 176 (All). We, accordingly, answer the question in the affirmative, in favour of the department and against the assessee. There shall be no order as to costs.
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