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1996 (9) TMI 166 - AT - Income TaxExtract: .......interest payment is allowable. We, therefore, reverse the decision of the CIT(A) and direct that the entire interest payment be allowed in this year. 11. In the result, the departmental appeal for assessment year 1988-89 is partially allowed to the above-mentioned extent, whereas the assessee s appeal for assessment year 1992-93 is allowed in full.
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