1991 (4) TMI 79

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....(s)  : D. K. JAIN., B. K. KIRPAL  JUDGMENT The petitioner seeks reference of the following question "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate T....

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....nst the said deposits, a loan was taken which was invested in the business. A claim was made with regard to the interest paid on the loan so taken and that interest has been allowed as a deduction und....