1987 (7) TMI 10

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....ons)<br>Dated:- 13-7-1987<br>- - -<br>Income Tax<br>Judge(s)&nbsp; : N. N. GOSWAMY., P. K. BAHRI&nbsp; JUDGMENT In view of the order passed in ITC No. 34 of 1979 which is between the same partie....

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.... the facts and in the circumstances of the case, the Tribunal was justified in allowing the deduction of the entire sum of Rs. 77,676 paid by the assessee to certain persons who had lent monies to it ....