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2005 (12) TMI 205 - ITAT AHMEDABAD-BExtract: .......n sold there is no question of recovery either of principal amount advanced or the interest thereon. In view of above we delete the addition of Rs. 2,67,675 made by the AO for interest deemed to be receivable from the advances in moneylending business. 21. In the result, assessee s appeals are partly allowed while the Revenue s appeal is dismissed.
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