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1977 (9) TMI 10 - HC - Income TaxExtract: .......urred by the assessee as a cultivator within the meaning of r. 7. We have no doubt that the assessee is entitled to a deduction of the interest he paid on the borrowings, though they were utilised for the purpose of raising sugarcane. Accordingly, we answer the question in the affirmative and against the revenue, with costs. Advocate s fee Rs. 250.
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