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1983 (9) TMI 139 - AT - Income TaxExtract: .......round and we are of the view that the contrary intention viz., that the deposit was not to be treated as deposit of the firm was brought out by the action of the partners separately. In these circumstances, we would hold that the interest income of Rs. 7,197 is to be excluded from the assessment of the firm. 6. The result is, the appeal is allowed.
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