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1993 (5) TMI 51 - ITAT BOMBAY-DExtract: .......ave noted that the trust advanced secured loans and the interest was charged according to the prevailing rates. In view of the above, we are of the opinion that the benefit of section 11 cannot be denied to the trust. We, therefore, decide these appeals in favour of the assessee and against the revenue. In the result, all the appeals stand allowed.
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