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1976 (9) TMI 68 - ITAT JAIPURExtract: .......on the aforesaid basis that the said borrowings were not needed for the purpose of the assessee rsquo s business and that interest paid over and above that charged by it from the sister concerns, was not paid for the purposes of the assessee rsquo s business, is correct and, we, therefore, sustain it. 9. In the result, the appeal is partly allowed.
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