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1977 (8) TMI 23 - ORISSA HIGH COURTExtract: .......ion. Our answer to the question referred, therefore, is On the facts and in the circumstances of the case, interest paid on loans taken by the assessee for purchase of Government Loan Bonds was an admissible deduction. The assessee shall have its costs of the references. Consolidated hearing fee is assessed at rupees one hundred. PANDA J.--I agree.
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