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1992 (12) TMI 72 - AT - Income TaxExtract: .......e assessee has not proved the genuineness of the credit transaction and the creditworthiness of the creditor. Hence, we delete the addition of Rs. 2,25,000. In view of this finding, we hold that the assessee is entitled to get deduction of the sum of Rs. 24,750 as interest on the loan amount of Rs. 2,25,000. 6. In the result, the appeal is allowed.
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