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1991 (8) TMI 120 - AT - Income TaxExtract: .......d the expenditure would fall. Expenditure connected with obtaining of loan from the bank would certainly fall in the Revenue field and as such would be allowable as deduction. We, accordingly, direct the ITO to allow deduction of the said amount. 18. The departmental appeals are dismissed while the cross-objection of the assessee is partly allowed.
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