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1971 (3) TMI 38 - HC - Income TaxWhether Tribunal was bound to hold that the business at Lahore and Barabanki did constitute the same business so as to justify the allowance of Rs. 40,000 as interest - Tribunal has specifically held that the activities at Barabanki and Lahore were quite diverse and distinct and there was no interconnection, interlacing or interdependence between the two businesses - Since the businesses were held to be separate and there was no interconnection, the interest paid on liability of the other business which was transferred to the second business could not be claimed as a deduction
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