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1990 (5) TMI 54 - AT - Income TaxExtract: .......of interest free loan advanced to M/s Navrang Pottery, we are of the view that the disallowance of the part amount sustained by the CIT (A) out of such interest expenditure deserves to be cancelled. We therefore direct the ITO to allow the entire amount of interest paid to the bank as a deduction. 7. In the result, the assessee s appeal is allowed.
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