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1994 (9) TMI 115 - AT - Income TaxExtract: .......n the order of the CIT(A). (ii) After hearing both the parties we are of the view that the borrowed money was utilised for the purpose of the profession carried on by the assessee and therefore, the interest on such borrowings has to be allowed. The addition of Rs. 4,030 made on this count is deleted. 6. In the result, the appeal is partly allowed.
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