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2004 (11) TMI 287 - AT - Income TaxExtract: .......accepted as there is no material available before us in this regard. Even otherwise, interest on borrowed funds stands allowed under section 36(1)(iii), if any, and no purpose would be served in shifting of such allowance from one head to the other. Hence, the order of CIT(A) is upheld on this count also. 13. In the result appeal is partly allowed.
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