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1981 (2) TMI 96 - ITAT ALLAHABAD-BExtract: .......ting the assessee s total income. Once payment of the interest is conceded to, it becomes an outgoing and does not get reflected in the assessee s wealth by way of an asset and, therefore, there is no justification whatsoever in treating it as part of the assessee s asset. The addition made is, accordingly, deleted and the appeal is hereby allowed.
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