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1985 (12) TMI 134 - ITAT PATNAExtract: .......est earned by Mahesh Kumar on his individual account, interest derived on it could not be considered as liable for disallowance under aegis of s. 40(b). Accordingly, I reverse the findings of the lower authorities and direct that the interest amount of Rs. 98,30 should not be added to the income of the firm. 3. In the result, the appeal is allowed.
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