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1989 (2) TMI 163 - ITAT HYDERABAD-AExtract: .......UFs to the larger HUFs. Therefore, the interest has to be disallowed, not under s. 40(b), but as interest not relating to the business of the assessee. It is the interest payable by the smaller HUF, and not by the firm. On these different grounds, we will uphold the order of the Income-tax Officer. 14. In the result, both the appeals stand allowed.
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