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2003 (10) TMI 279 - AT - Income TaxExtract: .......s. The fact that there was a profit of Rs. 11 lakhs during this year can be said to be out of profit of the year. So, the interest cannot be disallowed. In these circumstances we are of the considered opinion that the order of the learned CIT(A) is well reasoned and requires no interference. 12. As a result, we dismiss the appeal of the Department.
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