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1953 (5) TMI 24 - ALLAHABAD HIGH COURTExtract: ....... more than he had lent, the excess amount paid as interest was treated as profits. The Appellate Assistant Commissioner and the Tribunal thus treated the assessee most fairly and, our answer to the second question is in the affirmative. The assessee must pay the costs of this reference which we assess at ₹ 300. Reference answered accordingly.
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