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1984 (5) TMI 102 - ITAT JAIPURExtract: .......7 (Bom) being more favourable to the assessee has to be accept. We, therefore hold that the interest paid to Shri Purshottam Das on his personal loan, who represented the HUF in the firm, could not be disallowed under s. 40 (b) as the partner in the firm was the HUF to whom the impugned interest was not paid. In the result, the appeal is dismissed.
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