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1991 (10) TMI 89 - ITAT DELHI-AExtract: ........ As the business of the assessee in the instant case was set up on 26-6-1982, the interest of Rs. 9,452 was allowable as a deduction. Same was the case with regard to the preliminary expenses of Rs. 1,000. We hold accordingly. The order of the learned Commissioner of Income-tax (Appeals) on this point is upheld and the Revenue s appeal is rejected
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