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1991 (1) TMI 194 - AT - Income TaxExtract: ....... discounting of bills was an expenditure incurred wholly and exclusively for the purposes of the business of the assessee. The learned CIT(A) was, therefore, fully justified in treating this part of interest as disallowable and passing an order to that effect. In this view of the matter, we do not find any force in this appeal and dismiss the same.
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