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1990 (4) TMI 78 - ITAT AHMEDABAD-CExtract: .......its in these accounts. Considering the entries in these accounts we are of the opinion that the deposits in the accounts of Directors and shareholders in the present case cannot be treated as current accounts and we confirm the disallowance made out of interest u/s 40A(8). 4.1 to 11. These paras are not reproduced here as they involve minor issues.
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