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1991 (7) TMI 1 - SC - Income TaxOn partition of HUF, members of that family continued business as partners - Whether the assessee was entitled to the deduction of interest on the debit balance of Rs. 1,75,310 taken over from the erstwhile HUF - rights of the assessee - claim of the assessee for allowable deduction of the interest paid cannot be defeated by the existence of personal liability of the members of the Hindu undivided family - assessee's appeal is allowed
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